Trailer Interchange Agreements

As a general rule, a replacement transport refers to the carrier – the trucker who physically transports the trailer – who is responsible for paying for the damage to the trailer while in its possession. This contract alone may not be sufficient for the owner of the trailer, and they may ask the parties who pull the trailer to obtain replacement insurance for the members. However, trailer replacement insurance is the most advantageous for the carrier, as without it they would be on the hook for possible financial damage to the trailer. Trailer and change insurance is a type of HGV auto insurance that provides financial coverage for physical damage that may be caused to a trailer while it is pulled by a party that does not own that trailer. Trailer insurance changes works in the same way as freight insurance. This type of cover protects the trailer and the person carrying it from a multitude of losses, such as.B.: a trailer exchange contract makes the vehicle – the trucker who carries the trailer – responsible for any property damage to the trailer. Companies participating in a trailer exchange contract may require those carrying the trailer to purchase replacement insurance for trailers. This type of insurance covers property damage that can be caused to the member while it is drawn by a party that does not own that supporter. The insurance coverage covers the driver of the truck who is in possession of the trailer and covers damage caused by fire, theft, vandalism or collision. The policy is deductible and has limits on the amount of damages that are covered.

In addition, a company may acquire property damage to unsealed trailers, even if there is no written contract for the exchange of trailers for transport. This type of policy also has maximum levels for the amount of damages that are covered. This type of agreement is common when semi-trailers are used to transport goods over long distances. As you know, the fan exchange protects a non-possessed follower, as long as both parties have signed a contract to exchange written trailers. The trailers disclosed in the written agreement are covered as long as they are in your custody or in your possession.