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Doubtless. Even so, the article does mention that safe deposit box insurance is available from third party providers. I don't know about the rates, but I'd imag
by zuminator 4y ago
Doubtless. Even so, the article does mention that safe deposit box insurance is available from third party providers. I don't know about the rates, but I'd imagine if anything it's probably cheaper to insure a half million dollars worth of valuables stuck in a bank vault than the same items stored in your bedroom. Although there's also the possibility of including the items in the box as part of a homeowner's insurance policy. [0] The problem being that some things people put in boxes have a sentimental value that makes them irreplaceable. You can be compensated for Grammy's brooch but it's not the same as Grammy's brooch.
[0] https://www.geico.com/living/home/home-protection/safe-keeping-three-key-things-to-know-about-safe-deposit-boxes/ https://www.geico.com/living/home/home-protection/safe-keepi...