Who is typically not insured under bailee liability policies?

Bailee liability policies are designed to protect the interests of the bailee, who is the individual or entity temporarily holding someone else's property. The primary purpose of these policies is to provide coverage for the bailee's liability in case the property is damaged or lost while in their care.

In this context, the property owner is typically not covered under bailee liability policies. While the property owner has a vested interest in the property, the bailee assumes responsibility for it during the period of custody. Therefore, if damage occurs while the property is with the bailee, the liability primarily falls on the bailee and not on the property owner. Instead, the property owner may need to seek their own coverage through a property insurance policy that protects their assets regardless of who is holding them.

The roles of a trustee and a beneficiary are distinct from those of a bailee and property owner. A trustee may manage assets on behalf of a trust but does not have the same responsibilities as a bailee in regard to liability for property damage. Similarly, a beneficiary is someone who benefits from the trust or the property held by the bailee but is not involved in the day-to-day management or liability related to that property. Therefore, these parties do not fit within the