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Term of the Day
bailee's customer insurance
bailee
bailee's customers insurance
Definition
Insurance
that
covers
the
bailee
, the
person
temporarily in
possession
of another
property
, in case of damage to the property while under his or her care. The bailee is covered
against
many
potential
hazards
, including fire damage,
theft
,
robbery
, and sprinkler leaks.
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