Non-owner Trailer Coverage

We have over three decades of experience in providing non-owner trailer coverage in America. Work with us and provide the best truck insurance to your commercial vehicles at a matchless affordable price. Finding suitable insurance coverage for non-owned trailers is tough. Don’t worry! Let us customize it for you and provide the right coverage for your leased trailer!

Get affordable coverage for your non-owned trailer!

Finest protection with excellent service
For many truckers, it is common to use non-owned trailers when they haul goods to several destinations on a daily basis. Protecting a leased trailer is important and here non-owner trailer insurance offers extensive protection that covers the trailer against all sorts of potential damages when they are attached to your truck.

What is non-owner trailer coverage?

This policy is extended protection over a covered truck that secures a non-owned trailer when it is attached to the main truck. This coverage protects you against possible physical damages and risk exposures to the trailer while hauling or changing it from one unit to another. Non-owner trailer coverage proves to be advantageous only when it is attached to the main unit (truck) in the event of an accident.

Trailer interchange vs. non-owned trailer coverage

Trailer interchange is an agreement between two truckers that makes one liable to pay for the likely damages to the rented/borrowed trailer. It is a vital part of truck insurance coverage that protects you against damages caused to the trailer whether it was attached to the main unit or not during the incident. This policy provides coverage for:
  • Explosion
  • Vandalism
  • Theft
  • Collision
  • Fire
Hot shot truckers, freight movers, debris removal truckers, garbage collectors, tow truckers, owner-operators, and auto haulers need trailer interchange insurance.
Non-owned trailer coverage protects all borrowed or leased trailers in your possession. If any damage happens to the trailer when they are attached to your truck then this policy reimburses
for the cost that the trailers have suffered during the accident.  The key difference between the two is that you don’t require a written trailer interchange agreement in non-owner trailer coverage but the trailer must be attached to the truck in the incident to qualify for the coverage.

Does My Truck Insurance Cover My Trailer?

Truck insurance policies typically cover your owned vehicle and may include limited liability for trailers you own. However, if you are using a non-owned or leased trailer, you generally need additional coverage, like non-owner trailer coverage, to fully protect against damages to the trailer when it’s attached to your truck. Non-owner trailer coverage ensures that in case of an accident, the trailer you don’t own is covered, as standard truck insurance does not usually extend to leased or borrowed trailers. If you have more questions about your truck trailer’s insurance coverage, contact our team today so that we can ensure you find the answers you’re looking for.

Why do you need non-owned trailer coverage?

If your trucking business involves the use of leased or borrowed trailers on a regular basis, then you definitely need this coverage. The trailer that you don’t own should be covered for many reasons. For instance, if your truck catches fire due to some issue you never knew existed can cause serious damage to the trailer you are carrying. Non-owned trailer coverage protects against the physical damages caused to the leased trailer. Not having this coverage can extremely impact your trucking operations.

Also, the repairing cost of trailers can go unimaginably higher and this is the very reason why you need this coverage for.

This insurance is right for you if:

  • You are using someone else's trailer to transport goods.
  • You don’t want to pay for the hefty trailer repairing expenses arising out of accidents.

What are the benefits of non-owned trailer coverage?

If you are someone who pulls non-owned or leased trailers then you need to get this coverage for the liability surrounding the trailer you use. There are some advantages that non-owner trailer coverage offers only if the trailer is attached to the power unit during the accident:
  • Compensates the damages: This coverage pays you for the physical damages both small and big to the non-owned trailers when accidents happen.
  • Peace of mind: Pulling someone else's trailer under your custody can be stressful. If you have non-owned trailer insurance then you can continue trucking operations without worrying.
  • Financial support: Repairing trailers and heavy equipment is costly. This policy provides financial help when circumstances lead to damage to the non-owned trailer.
  • Maintain reputation: Damages to someone else trailers can make your business repute questionable in terms of trust and reliability. Carrying this coverage will show your financial concern towards the non-owned trailers and will make your business more trustworthy.

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FAQs

A trailer interchange agreement is a type of contract between the two truckers making one party liable to pay for the cost of damages to the trailer transferring it from one truck to another.
The price of non-owned trailer coverage depends on the following factors:
  • Deductible you choose
  • Value of equipment
  • Location you operate
  • Past driving records
  • Risk factors involved
  • Limit of coverage
Trailer interchange or non-owned trailer insurance protects against damages caused to the trailer you use to transport goods from one place to another. This policy will cover the trailer (it must be attached to the main unit) in the following incidents:
  • Loading and unloading the freight
  • Fire
  • Vandalism
  • Theft
  • Other types of accidents
Trailer interchange and non-owned trailer insurance are the same to a certain extent. The only difference between the two coverages is that in non-owned trailer insurance the trailer must be attached to the power unit when the accident happens for processing the claim. Whereas in trailer interchange whether the trailer is attached to the truck or not, you will get compensated for the damages arising out of an incident.