You should also photograph and keep an inventory of your stored items and keep this list in a separate location. Simply add your password, ID information and photos, so that the confidential box can protect your personal information security at all times.
MY SAFEBOX PASSWORD
However, McGuinn warns, banks do not provide insurance for the contents of your safe deposit box, so you may want to add a scheduled personal property endorsement to your homeowners or renters insurance to make sure you’re covered. SafeBox Your Favorite App of Free Private Data Protection SafeBox: A simple, easy-to-use, super-secure password and multimedia file manager that people can't abandon after using. For sensitive documents, you should take extra precautions, such as storing them in airtight plastic bags or containers to prevent water damage. Bank vaults are also more climate-controlled than the typical home safe. Most financial institutions have strict procedures for allowing access to safe deposit boxes and are protected with advanced alarm systems. Costs typically range from $15 per year to $500 per year, depending on the size, a small price to pay for high-level security measures and the resulting peace of mind. Safe deposit boxes generally range in size from 2 x 5 x 12 inches (enough space for keys, jewelry and paperwork) to 15 x 22 x 12 inches or larger (enough space for artwork and other family heirlooms). Keep these at home so you can access them at a moment’s notice. But don’t store anything you might need in an emergency, such as passports or power-of-attorney documents. These can include deeds, birth certificates, insurance policies, jewelry and other small collectibles. What can you keep in a safe deposit box or locker? “All important documents or other valuable items that would be difficult or impossible to replace,” says David McGuinn, president of the Houston, Texas, consulting firm Safe Deposit Specialists.
Instead, consider renting a safe deposit box at a local bank. How can you keep them secure? You could store such items in a fire-resistant safe at home, but these can be broken into or carried off if your house is burglarized. Everyone has valuables they don’t use every day but would hate to lose.
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