What does bailee's customers insurance mean?

bailee's customers insurance meaning in Law Dictionary

Insurance for a bailee. It safeguards the property temporarily being held by another party. Many hazards are covered like fire, theft, and sprinkler leaks.

bailee's customers insurance meaning in Business Dictionary

Insurance that addresses the bailee, anyone briefly in control of some other's property, in case there is damage to the house while under their attention. The bailee is covered against numerous possible dangers, including fire damage, theft, burglary, and sprinkler leaks.