Who is considered a custodian in relation to insured property?

The term "custodian" in the context of insured property specifically refers to an individual who has direct responsibility and control over the property, ensuring its safety and upkeep. This role involves the physical possession of the insured items within designated premises, which aligns perfectly with the definition found in many insurance policies.

When a person is described as having custody of the insured property, they are typically responsible for its management, making decisions regarding its usage, and ensuring it is protected from loss or damage. This role is distinct because it does not just imply a connection to the property but guarantees active engagement with it.

Other roles, such as security guards, business managers, or tenants, while they may have varying degrees of involvement with the property, do not meet the specific criteria that define a custodian. A security guard, for example, provides oversight and protection but typically does not have possession or control over the property. Similarly, a business manager may oversee operations but does not necessarily have custody of physical items in the same way. A tenant, by renting the space, does occupy it but may not be responsible for the same level of custodianship over insured items, depending on the terms of a lease or specific agreements in place.