As you no doubt know, some truckers run regular routes, from, let’s say for example, New York City to Chicago.  If a particular trailer-full of goods is going from New York to Omaha, one trucker might haul the trailer to Chicago, drop the trailer there for a different trucker to complete the haul to Omaha, and pick up another trailer for the return to New York.  In most cases the trailers will not belong to the driver. Trailer interchange insurance covers the driver for any damage to such a trailer while it is under his control.

Limits of coverage, which is the maximum amount the insurer will pay in case of a loss, are typically in the range of $20,000 to $30,000 for trailers.  Deductibles, which are the amount that you must pay before the insurer begins to pay, are typically about $1,000.