Understanding Trailer Interchange & Non-owned Trailer Coverage

It is common in the trucking industry for truckers to use trailers belonging to others in their business. All of our coverage forms extend liability coverage to non-owned trailers while attached to a covered auto. However, in many instances truckers are responsible for any physical damage that may occur to the non-owned trailer while it’s in their possession as well. Physical damage for non-owned trailers is not inherently including in your liability policy- it must be added to your policy separately.

There are simple additions we can make to your policy to cover non-owned trailer physical damage.

*Trailer Interchange- Trailer interchange is the most common with the UIIA (Uniform Intermodal Interchange and Facilities Access Agreement). Trailer interchange does extend to liabilities an insured may incur for damages to a trailer while it is in his possession, and does not require that the trailer be attached at the time of loss. It also includes “containers” under the definition of trailers, so it is used most often for intermodal operations where the equipment includes both a trailer chassis and container. Trailer interchange does require a “written trailer or equipment interchange agreement” be in place at the time of loss, so it may not extend to all situations when a trucker has a non-owned trailer in his possession.

*Non-owned trailer Physical Damage- This coverage extends over a covered auto and “any non-owned trailer while attached to the covered (or scheduled) power unit”, and usually lists a limit of maximum physical damage coverage amount for the non-owned trailer. The advantage of this coverage is no written agreement must be in place. It is important to understand that the non-owned trailer must be attached to a covered power unit at time of loss for non-owned trailer physical damage to apply.

If you have any questions about pulling non-owned trailers or otherwise, feel free to call us at Network Truck Insurance Services and we will be happy to assist you in making sure your insurance policy fits your needs!

Reporting Claims – How to properly get the most out of your insurance policy

BAM! It’s a noise no trucker wants to hear while driving their commercial vehicle, but unfortunately accidents do happen. Practicing safe driving habits can help avoid many accidents; however, it is equally important to understand how to properly report a claim. Quick and thorough claim reports will help you get the most out of your insurance policy, as well as help you get back on the road.

Claim reporting- Do’s and Don’ts

Do…

*Collect as much information as possible. This will help your insurance company determine fault, and ensure that fastest claim resolution. Obtain information from other drivers and passengers, and make note of any potential witnesses and their contact information.

*Take photos. Pictures taken of damage, vehicle and property alike will help your insurance adjusters have a better understanding of your case. Take photos of the accident scene, any road markers, and other identifying information such as license plates and insurance cards.  If you do not have a smart phone, keep a disposable camera in your glove box.

*Contact the police. While police may not come out to every accident scene, it is important to notify the authorities just in case- even if the accident seems minor.

Don’t…

*Delay reporting your claim to your insurance company. Report your claim as soon as possible. Many insurance companies want to be notified within 24 hours of the accident.

*Admit fault. Never admit fault for an accident, even if you believe it so. Without a complete understanding of events, you don’t know whose fault the accident is. It’s possible the other driver was drinking or using a cellular device. Do not admit fault to the police or other drivers.

As always, make sure to have a complete understanding of your insurance policy. Every truck policy is different, and understanding the limits of your insurance policy will help you get the most out of it- especially in a claims situation. If you are unsure about your limits, or need assistance understanding your policy you are welcome to give us a call at Network Truck Insurance Services and we’ll be happy to help. Our goal is to keep your business covered!

What’s the difference between an insurance broker vs. insurance company?

An insurance broker that specializes in commercial transportation has many benefits for you that a normal auto insurance broker may not even be aware of.  Many insurance companies  have programs designed to work with a specific type of insured and often offer additional discounts. For example, Network Truck Insurance Services, Inc.  is part of the Progressive Sand & Gravel Program which offers exclusive rates and extra benefits specifically geared to sand & gravel haulers. Our agents are trained to know these specialized markets and how to utilize them to the full benefit of the our clients. Additionally; our customer service team can quickly issue certificates, endorsements and answer questions throughout the day. When you call our office during regular business hours you will always reach a human being not an automated system!