Florida Insurance Claims Adjuster License Practice Exam

The Truckers form that provides liability coverage for damage to non-owned trailers is called?

1. Interchange coverage

2. Commercial Trailer coverage

3. Trailer Interchange coverage

4. Trailer coverage

The correct answer is: Trailer Interchange coverage

Option A, Interchange coverage, refers to insurance covering cargo that has been hauled by a trucker but is now in the possession of another party. This type of coverage does not pertain to damage to non-owned trailers. Option B, Commercial Trailer coverage, is a broad term that can refer to several different types of insurance coverages for trailers. However, it does not specifically address liability coverage for damage to non-owned trailers. Option D, Trailer coverage, is typically a form of physical damage coverage for owned or leased trailers. It does not pertain to liability coverage for damage to non-owned trailers. In contrast, option C, Trailer Interchange coverage, is specifically designed to provide liability coverage for damage to non-owned trailers while in the possession of the trucking company. This type of coverage is important for trucking companies that frequently interchange trailers with other trucking companies.