What You Should (And Shouldn’t) Store in a Safe Deposit Box

When it comes to privacy, safety, access, security, and insurance your best bet is to turn to a private facility that is independent of government and financial organisations. It provides you with a secure space for peace of mind knowing your hard-earned wealth or valuables are protected and separate from your government and institutions.

If you’re thinking about renting a safe space for your valuables with a private vault, then you should know what you should (and shouldn’t) store in a safe deposit box.

Items to Store in a Safe Deposit Box

Keeping your valuables in a safety deposit box ensures that they are safe from a wide array of threats. Generally, you’d like to store personal possessions here that you cannot afford to lose.

Some items you can entrust to a private vaulting facility includes:

• Collectables, coin and stamp collections, first edition item such as Books, Toys, Records
• Negotiable investment instruments like bonds, stock certificates
• Family heirlooms, Jewellery, Diamonds, Medals
• Bullion (Gold, Silver, Platinum, Rare earth metals)
• Cash and foreign currency
• Artwork, Paintings, carvings, and figurines
• Irreplaceable family items, Pictures, cutlery, crockery
• Family heirlooms, historical records
• Personal documents that you won't need in times of emergency to such as adoption papers, birth certificates, citizenship papers, militarily documents, divorce papers

Things that Don’t Belong in a Safe Deposit Box

Of course, not all of your valuables are best stowed away in a safe deposit box. Always remember that while you can come to a vaulting facility as many times as you want throughout the weekdays, you still need to have this pre-arranged.

This means that you should only store items that you won’t need immediate access to. Avoid documents such as:

• Copies of wills, powers of attorney, and testamentary trust documents
• Insurance policies
• Personal documents like your passport

There are, of course, items that you cannot store in a safe deposit box for legal reasons. This includes firearms, explosives, ammunition, drugs, and flammable liquids, or any hazardous material to name a few.

A Few Things to Note About renting a Safe Deposit Box

Renting a safe deposit box does not end with the closing of those vault doors. There are a couple of things you need to keep in mind.

First, having an inventory of your possessions kept in a safe deposit box is crucial. While it is completely your business what you choose to put away in a safe deposit box, it is still important to make a list (keep this list in your box) and keep updating it. Apart from insurance purposes, keeping an inventory of your possessions will help greatly in case of unforeseen circumstances including death.

Second, you should always designate a person who can access your SDB in case of your death particularly if you don’t have co-lessors. In the case of some private custodial vaulting facilities, your executor will only be granted access to your safe deposit box once they present a death certificate, a letter of probate as well as a last will/testament or trust document.

Private vaults offer first class protection for your valuables

If you’re in the hunt for state-of-the-art storage for your priceless valuables, you don’t have to look further than a reputable private vaulting company. Most private storage companies will offer a full range of Safety Deposit Boxes of varying sizes to suit all variety of safekeeping and storage. You’ll be able to open your very own account today for peace of mind and five star security and private vaulting companies will be more than happy to guide you on what you should (and shouldn’t) store in a safe deposit box.