Is Value Protect insurance?
No, Value Protect is not insurance; it is an extended liability product, extending carriage terms of the standard bill of lading.
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Related FAQsCan I protect my cargo financially against accidental damage during its cold journey with Maersk? Can I purchase Value Protect for Break Bulk cargo? Can Value Protect be applied to all commodities? How will I receive an invoice for Value Protect? If I have insurance already, why should I buy Value Protect? What happens in case of General Average? Will I have to provide a bank guarantee or other documents? When can I add Value Protect to my booking? Which documents are required to submit the claim? Why do I need to provide Average Bond, if Maersk will be placing security on my behalf? Why would I need to worry about the safety of my cargo when I ship with Maersk?
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