A custodian is not ordinarily responsible to the owner of the chattel entrusted to him in case of its destruction by fire1, unless he has deviated from the terms of the bailment or broken his duty of care, or undertaken some special contractual responsibility covering the particular event. If, however, he insures the chattel he has such an insurable interest in it that, as against the insurers, he is entitled to recover its full value2. A custodian who recovers insurance money occupies the position of a trustee to the owner of the chattel covered by the insurance for its
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234