Bailor

Published: | Updated: October 19, 2017

Definition - What does Bailor mean?

A bailor is a person who hands assets over to another party for temporary safekeeping. Property insurance should be purchased for any items given to a bailor, in case something happens to the property while it is under their care.

Insuranceopedia explains Bailor

Many different types of assets can be temporarily transferred to others by bailors, including stocks, bonds, jewelry, and cash. When the transaction occurs, the bailee does not actually own the assets they receive. They simply temporarily manages them and looks after them on behalf of the bailor.


How Well Do You Know Your Life Insurance?

The more you know about life insurance, the better prepared you are to find the best coverage for you.

Whether you're just starting to look into life insurance coverage or you've carried a policy for years, there's always something to learn.

Share this: