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Key Insurance Words and Phrases






Anyone (person or entity) that has, with the intention of receiving a service or other benefit, entrusted property with another person or entity.

Associated terms and phrases:
Care, Custody, and Control
Bailee Coverage

Bailee vs Bailor

Bailee is the party that is temporarily entrusted with the belongings and has no ownership

Bailor is the part with ownership interest that has left their property in the care, custody, and control of another where certain business services are provided.