The exchange of trailers extends to the debts that an insured may incur for damage to a trailer while in his possession and does not require that the trailer be fixed at the time of the loss. It also includes “containers” under the definition of trailers, so it is most often used for intermodal operations, where the equipment includes both a trailer chassis and containers. The exchange of trailers requires a “written trailer or equipment exchange agreement” that exists at the time of the loss, so that it may not extend to all situations in which a trucker has a trailer that is not in possession. Truck drivers often have to change trailers while travelling across the country to meet the overall planning of the entire transportation system. For example, a truck driver can regularly travel from Los Angeles to Dallas. However, if goods depart from Los Angeles for Chicago, the truck company can divert through a trailer exchange contract in Dallas to reach its final destination. The same trucker can pick up another trailer for his return to Los Angeles, which is part of another agreement that ends in Los Angeles or further afield. A trailer can alternate between several companies and many drivers as they cross the country. In this way, the exchange agreements for trailers facilitate the transport of goods, as no trucker is required to travel the entire route.
The simple answer is yes, if your truck business regularly involves using another person`s trailer. The replacement cover of the trailers and the trailer cover not in possession offer protection if you have care, custody and control of one or more trailers; whether or not they are attached to your truck. We still don`t know if your situation requires additional costs? Remove any doubts and contact your trusted insurance partner today! In the complex world of intergovernmental maritime logistics, a trailer exchange contract is a contract that covers the transport of goods on their way to their destination when transported by truck drivers working for different companies. A trailer exchange contract is a contract that arranges the transfer of a goods transported between the parties to ensure that it arrives at the indicated destination. In the trucking industry, it is common for truckers to use other trailers in their business. A trailer exchange contract is required when a freight trailer is transported by various trucking and trucking companies on its way to final delivery. The exchange of trailers is the most frequent with the Uniform Intermodal Interchange and Facilities Access Agreement (UIIA). As the exchanged trailers are not in your possession, they need separate insurance coverage.
In other words, your regular property damage insurance does not provide adequate coverage here. So what`s the answer to the question: Do I need a trailer exchange or non-clean trailer coverage? In most cases, companies do not have all the means of transport related to sending goods to their end customers. It makes no sense for a company to own and manage fleets of ships, trains and trucks if other companies offer these services than your core business. Instead, companies divert transportation to third parties who support shipping. These transport companies, on the other hand, operate on defined networks. If a good business starts in one logistics network but ends in another, the carriers will use a trailer exchange contract to finalize the delivery. This type of insurance covers property damage suffered by the supporter while it is drawn by a party other than the owner.