If you’d like to keep your important papers and small valuables away from burglars, fire or natural disaster, here are four questions you can ask yourself to assist in determining whether you should store them in a bank safety deposit box, an in-home safe, or both.
How valuable are your items?
If items are not replaceable or very valuable, such as expensive jewellery or special documents, you may want to keep them in a bank safe. If they are not as valuable or can be easily replaced, an in-home safe maybe good enough.
How often do you need these items?
If you only use items, such as fine jewellery, on special occasions, a bank safe may work well, but if you use them nearly every day or at least once a week, a bank safe would be inconvenient and a good in-home safe may be a better idea.
Will you be away from home for an extended period of time?
If you’re planning to be away from home for an extended period of time, be sure to put all of your valuables in a bank safe. If you’re gone for a weekend or a couple days, you probably don’t need to go to that length, and an in-home safe may work fine.
How secure is your in-home safe?
If you use an in-home safe, make sure it is a cash rated safe, designed to protect valuable items such as jewellery. It should also be bolted to the floor or home structure and located in a room covered by the security alarm.
If you need advice about where to store your specific valuables, contact your broker today.
This content is brought to you by Chubb Insurance Australia Limited (“Chubb”) as a convenience to readers and is not intended to constitute advice (professional or otherwise) or recommendations upon which a reader may rely. Any references to insurance cover are general in nature only and may not suit your particular circumstances. Chubb does not take into account your personal objectives, financial situation or needs and any insurance cover referred to is subject to the terms, conditions and exclusions set out in the relevant policy wording. Please obtain and read carefully the relevant insurance policy before deciding to acquire any insurance product. A policy wording can be obtained at www.chubb.com/au, through your broker or by contacting any of the Chubb offices. Chubb makes no warranty or guarantee about the accuracy, completeness, or adequacy of the content. Readers relying on any content do so at their own risk. It is the responsibility of the reader to evaluate the quality and accuracy of the content. Reference in this content (if any) to any specific commercial product, process, or service, and links from this content to other third party websites, do not constitute or imply an endorsement or recommendation by Chubb and shall not be used for advertising or service/product endorsement purposes. ©2020 Chubb Insurance Australia Limited ABN: 23 001 642 020 AFSL: 239687. Chubb®, its logos, and Chubb.Insured.SM are protected trademarks of Chubb.