A business auto policy (BAP) includes auto liability and auto physical damage coverages; other...
Trailer Interchange Insurance CA 23 98
Trailer Interchange Insurance (CA 23 98) is a type of coverage available under either the truckers or the motor carrier policy form that covers the insured's legal liability for damage to the trailers of others.
Additional Information
Coverage is also available, by endorsement, under the business auto policy (BAP). Motor carriers frequently haul trailers that are owned by other motor carriers. This is often done through a "trade" of trailers that are in different locations to facilitate scheduling. A trailer interchange agreement makes the motor carrier that has possession of the trailer responsible for any damage to the trailer, whether or not the trailer is attached to the tractor.
Synonyms
CA 23 98
Related Terms
The motor carrier policy was introduced by Insurance Services Office, Inc. (ISO), in 1993 to...
A commercial auto policy designed to address the needs of the "for-hire" motor carrier (i.e.,...
