Trailer and intermodal insurance can help cover the legal liability of truck drivers for loss or damage to trailers and equipment that are not owned and are under the insured’s possession (in this case, you) under a trailer exchange agreement.
Trailer interchange insurance provides coverage for physical damage to trailers that are being pulled under a trailer exchange agreement – a trailer exchange agreement simply transfers one trailer from one truck and driver to another truck and driver to complete a shipment. These trailers are not owned by the trucker, so they are not covered by the driver’s insurance policy. Trailer / intermodal insurance provides your trucking business with physical damage insurance for non-owned trailers damaged by a covered peril while it is under a written trailer interchange agreement and under the driver’s possession. There is one slight catch, however. In order for this policy to function properly, trucking business owners must have liability insurance in place in order to be eligible for trailer / intermodal insurance.
Trailer / intermodal insurance is currently only available for pickups or tractors, and there must be at least one trailer, whether owned or not, listed for each tractor. Because the exchanged trailers are not owned by you, they need a separate insurance policy because they will not be covered under your physical damage insurance policy. In essence, this is physical damage insurance for those trailers which you do not own. Trailer / intermodal insurance can provide coverage for theft, fire, explosion, and collision.
RoadGuard Insurance can give you the trailer and intermodal insurance that you and your truck drivers need in order to protect you from any unfortunate accidents that occur with your car-carrying truck. Contact us today to get your quote today.
