Great West’s Trailer Interchange coverage endorsement provides physical damage coverage for trailers, including shipping containers and frames*, covered under a written intermodal agreement.
This endorsement covers:
Trailers in your possession under a written trailer interchange agreement
Your trailers in the possession of anyone else under a written trailer interchange agreement
Under an interchange agreement, the shipping company’s coverage must be equal to yours, as your physical damage coverage will not apply while someone else is using your trailer. Coverage can apply on an excess basis. We recommend that the coverage limit you choose equals the value of all of the shipping units you have in your possession. The limits should include those empty containers you are holding to return later. Endorsement coverage options include two additional features:
Option 1: Trailers can be interchanged based on an oral as well as a written agreement.
Option 2: Trailer interchange coverage can be made to apply on an excess basis as opposed to the more traditional primary basis. There is no difference in premium for this feature.
* Note: You may be responsible for containers and frames while waiting for loading in the shipper’s yard.