What does Bailee mean? Read on to discover the definition & meaning of the term Bailee - to help you better understand the language used in insurance policies.
A person or organization to which possession of the property of others has been entrusted, usually for storage, repair, or servicing. Except for policies issued expressly for such purposes, most property policies specifically prohibit coverage for benefit of a bailee.
We hope the you have a better understanding of the meaning of Bailee.