Trailer Interchange vs Non-Owned Trailer Insurance
Trailer interchange and non-owned trailer insurance are two types of insurance that can protect you if you are involved in an accident with a trailer that you do not own.
Trailer Interchange Insurance
Trailer interchange insurance provides coverage for damage to a trailer that you are using but do not own. This coverage is typically only available if you have a written agreement with the owner of the trailer, called a trailer interchange agreement. The agreement will outline the terms of the coverage, such as the deductible and the maximum amount of coverage.
Non-Owned Trailer Insurance
Non-owned trailer insurance provides coverage for damage to a trailer that you are using but do not own, even if you do not have a written trailer interchange agreement. This coverage is typically less expensive than trailer interchange insurance, but it may have more limitations. For example, non-owned trailer insurance may only cover damage to the trailer while it is attached to your truck.
Which Type of Insurance is Right for You?
The best type of insurance for you will depend on your individual needs and circumstances. If you frequently use trailers that you do not own, then trailer interchange insurance may be the best option for you. If you only use trailers occasionally, then non-owned trailer insurance may be a more affordable option.
It is important to speak with your insurance agent to discuss your specific needs and to get quotes for both types of insurance so that you can make an informed decision about which type of coverage is right for you.
Here is a table that summarizes the key differences between trailer interchange and non-owned trailer insurance:
| Feature | Trailer Interchange Insurance | Non-Owned Trailer Insurance |
|---|---|---|
| Requires written agreement | Yes | No |
| Covers damage to trailer while attached to truck | Yes | No |
| More expensive | In some cases | In some cases |
| More limitations | No | Yes |
Ultimately, the best way to decide which type of insurance is right for you is to speak with JDW Truckers Insurance. We can help you assess your individual needs and circumstances and recommend the best coverage for you.