What does care, custody, and control mean?

care, custody, and control meaning in Law Dictionary

term made use of mostly in responsibility coverages which identifies residential property owned by another but which will be legally in the insured’s possession or under his control.

care, custody, and control meaning in Business Dictionary

A category of property typically excluded in responsibility guidelines. Products regarded as within the care, custody, and control of the insured are usually maybe not included in liability policies because they either belong to the insured and are therefore much better covered under property insurance coverage, or perhaps the item is with the insured because he or she is the bailor for this home. If that's the case, the house is way better covered under a bailor or baillee's insurance coverage form.