Yes, they are different things. A safe deposit box wouldn't be affected by the banks insolvency. A safe deposit box may be affected by other things and if thos

Yes, they are different things. A safe deposit box wouldn't be affected by the banks insolvency. A safe deposit box may be affected by other things and if those things happen they don't have to "make it right", if you go to the courts and make your case you may find that they are not at fault and you are not owed any compensation.