Bailees' customers floater provides coverage for property while it is in whose custody?

Bailees' customers floater provides coverage for property while it is in whose custody?

• A. Customer's custody
• B. Bailee's custody
• C. Insurer's custody
• D. Manufacturer's custody

Answer: (A)

Bailees' customers floater covers property of others while it is in the care, custody or control of the insured (the bailee). When a business like a dry cleaner or tailor takes in a customer's item for service, that item becomes the bailee’s responsibility. The floater protects that customer property while it’s under the bailee’s custody, whether on the premises or in transit. It does not apply to property still in the customer’s own custody, nor to custody held by the insurer or the manufacturer.

Bailees' customers floater covers property of others while it is in the care, custody or control of the insured (the bailee). When a business like a dry cleaner or tailor takes in a customer's item for service, that item becomes the bailee’s responsibility. The floater protects that customer property while it’s under the bailee’s custody, whether on the premises or in transit. It does not apply to property still in the customer’s own custody, nor to custody held by the insurer or the manufacturer.