Asked by: Toñi Silverberg (mountain of silver)personal finance home financing
Are safety deposit boxes fireproof?
Regarding this, are safety deposit boxes at banks fireproof?
No safe deposit box or home safe is completely protected from theft, fire, flood or other loss or damage. Remember that, by law, FDIC insurance covers only deposit accounts. Also, don't expect the bank to reimburse you for theft of or damage to the contents of your safe deposit box.
- The only copy of your will.
- Valuables you haven't inventoried.
- An inventory of your household possessions.
- Your passport.
- Deeds and titles.
- The originals of your birth certificate and marriage license.
- Stock and bond certificates and U.S. Savings bonds.
Regarding this, can you keep cash in a safe deposit box?
A safety deposit box, also known as a safe deposit box, is a personal physical space inside a bank's vault that customers can rent to store valuables. There are no laws against keeping cash in a safe deposit box. But laws can change, so talk with a lawyer if you need legal advice.
Safety deposit boxes are located in secure areas with alarms, video cameras, and high-security locks. In most cases, a bank employee must be with you to retrieve the box. At many banks, employees who help you access your box will leave you alone in a private room to open, close, and sort through box contents.