Should You Have A Safe Box?

If you are worried about the safety of your valuables, you might buy a safe box in the market. It can be a box that you rent at the bank or it can be a powerful box or safe that you keep somewhere in your home. Home’s boxes are more likely to be damaged by burglary, fire, or water whereas bank’s boxes are less easy to access. The premiums for items stored at the bank will be lowered by some insurance companies.

Items that should be stored in a safe box:

Original documents including insurance policies; birth, marriage, divorce, and death certificates; certificates of English and computer; passport, visa;deeds, titles, mortgages, leases; contracts; stocks; bonds; certificates of deposit; valuable, durable objects like jewelry, medals, rare stamps, coins, and other collectibles; photos of your home and its contents for insurance purposes; important files for companies; and anything else that is irreplaceable to you.

Items that should not be stored in a safe box:

Anything that you might need at the last minute: Original documents including powers of attorney, living wills, medical directives, funeral and burial wishes, and your will. You can put a copy of your will in a safe deposit box but keep the original elsewhere, because some states require a court order to open the safe deposit box of a deceased person, and that takes time. The originals are better off at your home and with your lawyer.

Let's find another time to talk about the selection of safe box. Have A Nice Day!