What unique feature does a bailee form provide regarding customer property?

A bailee form provides coverage for customers' property regardless of whether the insured (the bailee) has been negligent. This unique feature is significant because it reinforces the baliee’s responsibility and provides assurance to clients that their property will be protected even if the bailee has not acted with a duty of care.

This type of insurance is crucial for businesses that temporarily hold or store property belonging to others, such as dry cleaners, repair shops, or storage facilities. In such cases, the business (bailee) assumes responsibility for the property while it is in their possession. Therefore, the coverage remains intact even in the absence of negligence, ensuring comprehensive protection for the property of customers.

Other options do not reflect the full intent or effect of a bailee form. For example, the idea that coverage only applies if the insured is negligent contradicts the insuring agreement of a bailee form. Similarly, coverage that only applies to property owned by the insured or only to rented property does not meet the bailee's obligations as outlined in this specific insurance type. Thus, the correct understanding centers on the unconditional protection provided to customers' property in the hands of a bailee.