What does Guests Property Safe Deposit Box mean? Read on to discover the definition & meaning of the term Guests Property Safe Deposit Box - to help you better understand the language used in insurance policies.
Guests Property Safe Deposit Box
Insurance Services Office, Inc. (ISO), crime form (CR 00 12), which covers the insured's legal liability arising out of damage to or loss of property belonging to guests of the insured while the property is in a safe-deposit box in the insured's business premises. The ISO form is used primarily to insure businesses that provide lodging facilities for example, hotels. A Surety Association of America (SAA) form is typically used to insure financial institutions.
We hope the you have a better understanding of the meaning of Guests Property Safe Deposit Box.