Trailer Interchange coverage provides physical damage coverage for non-owned trailers and equipment in the event of an at-fault accident.
A Motor carrier coverage form provides various insurance coverages in different aspects. From this, the one which provides physical damage coverage for non-owned trailers and equipment in the event of an at-fault accident is the Trailer interchange coverage/ insurance. This costs an average of about $110/month or $1340/year, which makes it apparently less expensive. This coverage is provided in case the owners of the trucks or motor carriers hire other trailers. That is, this is used when there is an interchange of trailers between motor carriers. This makes the owner of the trailer legally liable for the damage. So this covers the damages to the trailers if caused in the event of an at-fault accident.
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