![]() There has been an incredible rise in the price of gold, silver, platinum and diamonds over the last decade. Whether it is hurricanes along the Coast, floods in the Midwest and Southeast, tornados in the Plains, mudslides in the West or fires there are risks wherever you live. Many of these institutions are providing Safe Deposit Box Insurance Coverage because they recognize there is a gap in the insurance market that leaves their box renter’s valuable property exposed to loss. While financial institutions and certain private vault companies provide the safest and most secure environment in which to store your valuable property, they simply cannot protect against all risks. It is affordable and convenient to purchase. ![]() Safe Deposit Box Insurance Coverage (SDBIC) is a new, patented insurance product designed to provide safe deposit box holders the maximum amount of insurance protection for the lowest possible cost, while maintaining absolute confidentiality and privacy. Why have I never heard about Safe Deposit Box Insurance Coverage before? Given the increased frequency and severity of natural disasters and other catastrophes, which no vault or box can protect against, box holders should maintain some level of insurance coverage. With less staff and little training losses from unsupervised access to the vaults have grown. Many financial institutions are de-emphasizing or eliminating safe deposit box services. Over the last few years an estimated 50,000 safe deposit boxes with approximately $1.3 billion in property have been impacted. When these events occur, they damage or destroy the contents of safe deposit boxes more often than people realize. Unfortunately, financial institutions do not insure the contents in the event there is a burglary, robbery, flood, fire, hurricane or other man made or natural disaster. Safe deposit boxes are the best option for storing valuables, universally recommended by federal, state and local agencies and organizations such as FEMA, FBI, the American Red Cross and others. Why Safe Deposit Box Insurance Are safe deposit boxes the best place to store my valuables?
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