What benefits does SC Protect Insurance offer?
- Coverage for accidental loss of goods
- Coverage for accidental damage to goods
- Coverage for late delivery of goods
- Coverage for return of goods to sender
SC Protect covers the following perils for transit by air/sea shipments as per Institute Cargo Clauses “A” and/or “Air”:
- Fire or explosion
- Stranding, grounding, sinking, or capsizing of the vessel or craft
- Overturning or derailment of land conveyance
- Jettison
- Washing overboard
- Earthquake, volcanic eruption, or lightning
- Total loss of package (lost overboard or dropped during loading/unloading)
- Entry of sea, lake, or river water into the vessel/conveyance or container
- Theft, pilferage, and non-delivery
For overland transit, the insurance covers loss or damage to the cargo/items directly caused by:
- Fire, regardless of whether it originates from the vehicle (excluding self-ignition of the insured subject matter)
- Accidental collision of the carrying vehicle with another vehicle
- Overturning or upset of the land conveyance/motor truck
- Explosion
- Flood, typhoon, lightning, landslide, and earthquake
- Robbery and hijacking
- Loading and unloading
- Theft (only if it involves forcible entry and/or violence