You can also store items like gold coins, family heirlooms and photo negatives. People typically store personal and property files, including original birth certificates, insurance policies, property deeds, car titles and U.S. What Should You Store in a Safety Deposit Box?ĭue to their secure nature, safe deposit boxes are an ideal place to store valuables and important documents. You can find a property insurance agency, a safety deposit box-specific agency or add a special policy to your homeowners insurance. If you want to insure your items, you’ll need to get that coverage yourself. Banks will not reimburse you for theft or damage, either. Neither the bank nor the FDIC insure the contents of safety deposit boxes. However, in the event that they are somehow stolen, they may be less protected. Storing items in a safe deposit box does offer a safe physical space for your valuables. Even if robbers broke into a bank’s vault, they could not open your deposit box without your key. In case of a home robbery, robbers could force you to open your home safe or take the safe and open it by other means. However, a thief can more easily break into your home and home safe than into a bank vault and deposit box. This might not sound any better than placing items in a safe at your own home. You may want to place your items in waterproof containers to prevent water damage. However, no space is entirely safe from natural disasters. Safety deposit boxes are housed in vaults with thick doors and walls, reinforced to keep them safe during hurricanes, tornadoes and other natural disasters. This way, if you lose your key or someone steals it, no one will know what it belongs to. If someone else needs to access your box, they will need prior authorization from you. For extra security, don’t put any identifying information on your safe deposit box key, like the box number or bank’s name. When you go into the bank to access a safety deposit box, banks require identification. Typically, each comes with two keys needed to open the box: one held by the bank and the other held by you, the box’s owner. In terms of access, safety deposit boxes are very secure.
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