What does Bailor mean? Read on to discover the definition & meaning of the term Bailor - to help you better understand the language used in insurance policies.
A bailor is a person who hands assets over to another party for temporary safekeeping. Property insurance should be purchased for any items given to a bailor, in case something happens to the property while it is under their care.
We hope the you have a better understanding of the meaning of Bailor.