7 Reasons Why Your Home Should Have a Safe Deposit Box
Whether they’re protecting sentimental keepsakes or confidential documents, you need a secure place to keep your belongings. Do not just leave them scattered in your home or simply kept in a cabinet. You need something that will provide you peace of mind, and a safety deposit box is one of the top things that can give you that sense of security.
Not yet convinced that a safe deposit box is a must-have at home? Read on, and I will share with you some of the most compelling reasons to invest in one!
7 Reasons to Invest in a Safety Deposit Box
A safe is not just for commercial banks! It is also for private homes, especially for people who want to have a secure place where they can keep their belongings. From keeping your property secure to preventing damage from natural disasters, a safe deposit box can deliver a plethora of benefits.
1. Prevent Theft
According to the State of Safety survey, property crime is the top safety concern among Americans. If you find it worrisome, then you should have parameters in place, including a safe deposit box.
By having a safe at home, you are keeping your valuables out of sight, making it a great theft-deterrent. Plus, it has security features in place, such as codes that people cannot easily crack. It is almost impossible to break, depending on the construction and quality of the safe.
Steel and reinforced concrete are two of the most common materials you will find in today’s safe deposit boxes. They are heavy, thick, and hard to break. This will also give you peace of mind knowing that whatever is inside is safe from thieves.
2. Keep Items in Mint Condition
From their appearance to cost, simulated vs lab diamonds have many differences. Nonetheless, one thing is the same—they need proper storage to maintain their best condition. The same thing is true with pearls, sapphires, and other precious stones or materials. They can tarnish over time because of heat, humidity, dust, and other external factors. With a safe at home, you don’t have to worry!
If you have collections of rare objects, such as stamps and coins, a safe is also a must-have. like in the case of jewelry, you can protect them from premature wear.
3. Easy Access to Documents and Valuables
Traditionally, people would go to commercial banks when they need a safe deposit box to keep their documents and other things that the bank will allow. It can be a hassle, especially if you live far from a bank. Not to mention, the long-term costs can also be high.
With a safe deposit box at home, you can enjoy a more convenient alternative. This will spare you from the need to take a trip to the bank to get something that you need. You can access whatever is in the box the moment you need it.
4. Lower Your Insurance Premium
On average, a homeowner’s insurance costs $1,854 annually. Luckily, there are certain ways by which you can enjoy more affordable rates without reducing the coverage of your policy.
One of the best ways to lower the cost of home insurance is to improve home security. This will include installing alarms, sprinkler systems, and dead-bolt locks. Another thing that can help is having a safety deposit box.
It will not only protect against theft, but it will also minimize the possibility of your valuables getting damaged during disasters, such as fire and flood. This way, the insurer can save money in terms of the potential claims that you might file.
5. Store Dangerous Items
Firearm injury and death can happen at home. Most of the time, it is unintentional. One of the most common causes is easy access to items like guns and ammunition. Kids may unknowingly be playing with guns if you leave them in an unsafe area. To prevent such from happening, a safe deposit box is a must.
By keeping guns and ammo in a safe, you are limiting its accessibility. It is accessible only to people who have the key or who know the password. This is better than keeping your firearms in a drawer, cabinet, or anywhere it is easy for anyone else to see.
Equipped with a dial combination lock, fingerprint, or traditional keypad, other people won’t be able to easily access a gun in your safe deposit.
6. Protect Against Fire
Fire is devastating. No matter how careful you are, it can happen. It can destroy your home and burn everything that you have. If you want peace of mind, then you will be happy having a safe.
Depending on the specific product that you will pick, most safes are fire-proof. However, do not forget to look at the specific fire rating. You can identify this through a safe’s UL Rating. It is followed by a sub-rating, which determines the number of hours the contents inside the safe are protected against fire.
7. Protect Against Water Damage
While it isn’t as serious as a fire, water can also damage your valuables. This is especially the case if you live in an area that is prone to heavy rains and flooding. You can protect your things with a safe at home.
If you keep a lot of confidential documents, then a safe is a worthy investment. Imagine the hassle of having to replace all your papers when a flood hits your home and everything is wet. Keeping them in a safe gives you assurance that they are protected.
However, take note that not all safes are waterproof. Look at the waterproof rating to be sure that you are buying a good one.
Whether it is for diamond rings, stacks of cash, stock certificates, spare keys, insurance policies, passports, or copies of will, among others, a safe deposit box at home is a good investment. It prevents theft and protects against damages, including fire and water. It is one of the most affordable but effective safety measures every house needs.