Guests' Property, safe deposit box

{
  "id": "MLC-T-INS-001701",
  "term": "Guests' Property, safe deposit box",
  "field": "Insurance and risk management",
  "definition": "Insurance coverage for a business, such as a hotel, against loss or damage to guests' property stored in a safe deposit box provided by the establishment. This specific coverage addresses the heightened responsibility assumed when a business takes custody of valuable items. Liability limits are typically higher for items placed in a safe deposit box compared to those left in a room.",
  "url": "https://mlchart.com/terminology/insurance/guests-property-safe-deposit-box/"
}