The short answer
Trailer interchange insurance covers physical damage to a trailer you don't own while it's in your possession under a written trailer interchange agreement. It's required when you swap trailers with another carrier or pull a trailer owned by someone else under such an agreement.
If you pull trailers you don't own under a trailer interchange agreement, the trailer owner will expect you to pay for damage. Trailer interchange coverage handles that.
When you need it
- You sign a trailer interchange agreement with another carrier or shipper
- You pull intermodal containers or chassis under an interchange agreement
- A broker or shipper requires it
What it covers
Physical damage to the non-owned trailer from covered causes (collision, fire, theft and others), up to the limit, while it's in your care under the agreement.
Trailer interchange vs. non-owned trailer coverage
| Trailer interchange | Non-owned trailer physical damage | |
|---|---|---|
| Requires written interchange agreement | Yes | No |
| Typical use | Intermodal, carrier swaps | Pulling a trailer without an agreement |
How much
Match the value of the most expensive trailer you might pull. The interchange agreement usually states a required limit, so read it before you buy.
Questions truckers ask
What is trailer interchange insurance?
Coverage for physical damage to a trailer you don't own while it's in your possession under a written interchange agreement.
Do I need trailer interchange for intermodal?
Usually yes. Intermodal providers commonly require it.
Is trailer interchange the same as non-owned trailer coverage?
No. Trailer interchange applies under a written interchange agreement; non-owned trailer coverage applies without one.
Written by the FairlyCover Editorial Team. This guide explains how coverage generally works. It isn't legal or insurance advice, and your policy wording always decides what's covered. How we write and review content.
