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[C015]

care, custody or control

Most liability policies have provisions that exclude coverage for physical damage or loss to property while it is in the care, custody or control of the insured. Two methods are available to buy back some or all of the care, custody or control coverage: either endorsements to the liability policy, such as the broad form property damage endorsement or its company-specific equivalent which will provide limited coverage, or the purchase of inland marine coverages such as bailees' forms.

(See Broad Form Property Damage Endorsement.)

Copyright: The Rough Notes Company, Inc., 1998, All Rights Reserved. 3040100

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