Safe deposit boxes give you a safe place to store your valuables, along with the peace of mind that comes from knowing that these items are secure.
What exactly are safe deposit boxes?
They are metal boxes that are housed in a private area inside the bank and under dual control. Safe deposit boxes are available in a variety of sizes. So no matter how large or small the items that you want to keep safe, there is probably a safe deposit box that will meet your needs.
What type of items should you keep in a safe deposit box?
Basically, documents that cannot be replaced, or that you would need if your house were lost or damaged, should be kept safe in a safe deposit box. You will probably want to include the following items:
Many insurance companies recommend that you video tape each room in your home and store the tape in a safe deposit box. If your home is ever lost or damaged in a fire or flood, this tape would be very useful for insurance purposes.
*Please note that the contents of safe deposit boxes are not FDIC insured.