Safe Deposit Box Insurance Coverage
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Safe Deposit Box Insurance Coverage
When Philip Poniz opened Box 105 at his local Wells Fargo, he discovered it was empty - and that he was totally unprotected by federal law. No safe deposit box or home safe is completely protected from theft, fire, flood or other loss or damage. Consider taking precautions. A Twin Cities woman thought her cash and valuables were literally money in the bank.

But, then she discovered more than $60,000 and family heirlooms missing from her safe deposit box. I learned the hard way following hurricane Sandy. Now my coin collection is kept in a safe deposit box at my bank, which to my surprise offered very affordable insurance through SDBIC. I now call my safe deposit box my, 'insured safe haven.' If I know a big storm is coming, I take everything to the box where it's insured against flooding.

Despite common misperceptions, items kept in safe deposit boxes are not insured by the bank or FDIC. We are encouraged that many banks across the country have begun offering this kind of insurance as an enhancement to their current safe deposit box services.
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The world is constantly changing, and with it so are the risks that we face each day.
Today, the storm of the century seems to occur every 18 months, terrorist threats represent a societal concern, and criminal hackers work tirelessly to steal our assets and our identity.
Whether you are a millennial or a baby boomer, taking simple steps to secure and protect your assets is paramount in guarding against possible losses, which can jeopardize you and your family's financial well-being.
A SDBIC insured off-premise safe deposit box combined with our Digital Fortress vault provides the foundation to securing and protecting your tangible personal property, originals of your critical documents and all your personal, digital data and information.
Despite common misperceptions, items kept in safe deposit boxes are not insured by the bank or FDIC.
We are encouraged that many banks across the country have begun offering this kind of insurance as an enhancement to their current safe deposit box services.
Partnering with SDBIC offers our customers an easy, convenient and affordable way to protect their most valuable assets.
We are very excited to be the first financial institution in the state of Tennessee to roll out this beneficial program.
We recommend that you log in to the email account that is connected to the email address you used to create your Digital Fortress.
Search for "Digital Fortress welcome" and you are likely to find the welcome email that we sent you when you created your Digital Fortress.
If you have deleted this email or you are unable to find it, we recommend that you use your recovery code to regain access to your Digital Fortress.
There will be instructions on how to use the recovery code on the PDF you printed out with the code.
Safe deposit boxes remain the best option-both the safest and cheapest-for storing valuables and are universally recommended by federal, state and local law enforcement and relief agencies, such as FEMA, FBI, AARP and the American Red Cross.
It is important to understand, however, that contents kept in safe deposit boxes are not insured by any financial institution or federal agency.
Given the increased frequency and severity of natural disasters and other catastrophes, which no vault or box can protect against, it is recommended that box holders maintain some level of insurance coverage.
Designed by consumers for consumers, we have made the sign-up process as simple, fast and transparent as possible.
It takes about 5 minutes of time and requires minimal personal information.
Simply select the amount of insurance coverage and corresponding annual premium, and provide payment information.
No disclosure or appraisals are required at purchase.
You can then manage your account online to increase or modify coverage limits, access your policy or change personal data.
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