How Can A Safe Deposit Box Be Useful For Me?

By: Olivia Anderson

Gold and diamond jewellery, important documents and other precious things need to be kept securely. One may rent a safe deposit box, which is a lockable container, to keep such valuables. These safe deposit lockers can be rented at a bank or a private vault. These boxes are available in a variety of sizes and are frequently constructed of metal.

At a safe deposit centre, these boxes are housed in a highly secure vault area. A safety deposit locker mostly requires two keys to open, one is the renter’s key and the other one belongs to the safe deposit centre. You must visit the centre and present your identity card to access the contents of your safe deposit locker.

It might not always be a good idea to store your precious things at home. Your precious possessions may be exposed to loss, theft or damage while stored at home. Safeguarding your valuable items is the most important reason why you must rent a safety box.

What one can store in a safe deposit box?

Consider the things that are important to you and challenging to replace when deciding what to keep in a safe deposit locker. Gold and diamond jewellery, important documents, family heirlooms, antiques, and pictures of the family are all appropriate things to store in the box. You need to make sure that anything you will require frequently, such as your passport, shouldn’t be kept in the box.

safe deposit box

Remember that there may be restrictions on what items you may put in a locker. To find out what is and isn’t allowed, thoroughly check your rental agreement with your safe deposit centre.

Following is the list of things that you can store in safety lockers:

  • Gold & Diamond Jewellery
  • Important documents and contracts
  • Birth/death certificates
  • Adoption records
  • Marriage licences
  • Divorce papers
  • Citizenship documents
  • Investment Bonds
  • Cherished keepsakes or priceless items
  • A record of the home inventory for insurance claims
  • Gold & Silver coins or bars investment

What Does a Safety Deposit Box Cost?

safety deposit box cost will vary depending on the size of the box, the vault where you are renting the box and where it is located. You can rent a safe deposit box at Neelkanth Safe Deposit. The cost of the locker they offer starts at £75 per year and goes up to £190 per year. They offer highly secure locker facilities at two locations- Southall and Croydon.

locker facility near me

If you are looking for a vault, you can search on the internet, “safety lockers near me” and find a secure place to store your valuables safely.

Who is allowed to access a safe deposit locker?

The safety deposit box is only accessible to those whose names are listed on the agreement when the box was rented. They are called the co-renters; your spouse, son, daughter, mother or father can be the co-renters. Your locker may also be accessible to the individual you have provided the power of attorney. To know more details about it, connect with your bank or vault.

safety lockers

Things Not to Keep in a Safe Deposit Locker

You shouldn’t keep all of your belongings in a safe deposit locker. It’s advised not to keep anything in your box that you could require in an urgent situation. Vital things that you need frequently, like a passport should be kept elsewhere as on weekends and bank holidays, you will not be able to access your box. Also, remember you can only access your locker during banking hours.

Think about whether it would be an issue if you couldn’t acquire your possessions when you would need them. Don’t keep them in the locker if the answer is yes.

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