Which of the following would likely require Bailee coverage?

Bailee coverage is specifically designed to protect property that an individual or business temporarily holds for another party's benefit. This includes situations where the bailee has assumed responsibility for the property during the period of custody.

Property held for repair falls directly under this category, as the expectation is that the repair service is responsible for the item during the repair process. If the item were to be lost, damaged, or destroyed while in the possession of the repair shop, Bailee coverage would help cover the financial loss to the owner of the property.

The other scenarios mentioned do not inherently create a bailee relationship. Vehicles parked in a lot may not require specialized coverage beyond standard auto policies unless there's a particular service involved. Home contents during remodeling generally remain the homeowner's responsibility, thus not necessitating bailee coverage. All property in storage typically falls under a different insurance category, focusing on storage facilities rather than the specific bailee responsibility. Therefore, considering these definitions and relationships, property held for repair is the most clear-cut example requiring Bailee coverage.