Safe Deposit Box: What do you need to know before renting it?


Whether you have valuable heirloom items, gold bullion coins, important documents or fine jewellery, it’s important to keep your items safe. A safe deposit box is a secure place to store your valuables without needing to worry about their security.

A safe deposit box is a storage container generally located within the vault of a bank or a private financial institution. They are often rented on an annual basis at an affordable fee.

Renting safe deposit lockers can be the best way to protect personal belongings that we don’t need to access frequently. It’s worth exploring the option of private vaults over home safe.

What things can be kept in a safe deposit box?

If you are thinking about what to keep in a safety deposit box, here is a list of a few crucial items. You can keep precious jewellery, coveted family heirlooms, valuable collections, pictures or video records of the contents of your house for insurance purposes and gold, silver bullion bars and coins in the box. The list also includes original copies of important documents including marriage certificates, birth certificates, office documents, property deeds, copies of the will, car titles, savings bonds or any other crucial document.

Are you looking for a trustworthy safe deposit centre? Neelkanth Safe Deposit centre offers multi level security for your valuables. They have safe deposit lockers available at their Croydon and Southall branches.

Choose your co-renters cautiously

Take care of who you let into your safe deposit box. You can rent a safe deposit box with one or more individuals as co-renters to whom complete access will be granted. Nevertheless, remember that your bank will not be liable for any item that your co-renter takes away from the box without your consent or knowledge.

What things to not store in a safety deposit box

Be careful not to put anything you might require frequently or immediately in your safe deposit locker. This is because the bank locker or private vault might be closed when your need such items. It may also be possible that you need something urgently but by that time their working hours got over. So, you should not keep your passport and the originals of your “power of attorney” and will in the box. Consult a lawyer for advice on how to keep your original will.

Are you searching on Google, for ‘a safe deposit box near me’ in London? Connect with Neelkanth Safe Deposit centre.

How to ensure extra safety 

A safe deposit vault is highly secured against loss, damage, burglary, fire, flood or other disasters though not a hundred per cent surety is there. Try to adopt preventative measures, such as storing things, especially documents in water-resistant, zipped poly bags or other lockable plastic boxes to guard against water damage.

Additionally, avoid keeping relevant information, such as the box number and the name of the bank, next to your box key, what if it is lost or stolen!

Looking for a highly secured safe deposit box at Croydon or Southall in London? Connect with Neelkanth Safe Deposit.

Home safe can’t replace a safety deposit box

If you are planning to use a home safe as a substitute for a safety deposit locker then you might be making a mistake. Items, like a passport, that you might need right away could be kept in a home safe. But compared to safe deposit boxes, home safes are less secure to keep precious items. A criminal might enter your home effortlessly and access the safe whilst it’s not that easy with a vault’s safety deposit locker. With the crime rate on the rise, it’s better to rent a safe deposit box in London.

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By Admin