Navigating the fine print of insurance policies can be confusing, but it’s often necessary to ensure you’re properly protected against risks you may face. Often included within the fine print of policies are exclusions, or provisions within the policy that eliminate coverage for certain items/property, damage or acts. One such exclusion commonly found in liability insurance policies is called “care, custody, or control.”
What Is It?
Care, custody or control (CCC) is an exclusion that removes the insured’s (whoever is insured by the policy) compensation when personal property within their care is damaged. Typically, CCC applies to property the insured doesn’t own, which many include goods being transported or rental equipment. This means that if you damage property within your care, but you don’t own the property, your insurance may not cover the damages.
What Are the Components of CCC?
As the name implies, there are three components of CCC, and the exclusion may apply if any of the three components is true:
Care—The insured is responsible for the personal property in question for a specified time frame.
Custody—The insured is responsible for guarding the personal property.
Control—The insured has control over the property.
It’s important to note that insurance claims are often handled on a case-by-case basis, meaning that CCC exclusions may be open to interpretation when the claim is reviewed. Please talk to your insurance agent for more information on this exclusion and how claims may be handled.
How Can I Ensure Proper Protection?
To ensure that you don’t have gaps in your coverage, particularly in the case of CCC, it’s important to carry a robust insurance portfolio. Give the agents at The Insurance Station a call today to discuss how you can round out your coverage.