What You Should Store?
1. Important Documents: Individuals must keep original copies of important documents such as property deeds, wills, birth certificates, etc. in their safe deposit box. These documents are not easily replaceable and are important for legal and financial purposes. These boxes protect important documents from getting deteriorated.
2. Valuables: Valuable items such as jewellery, gemstones, precious metals, etc. are allowed to be stored in the safe deposit box. These items have a high risk associated with them for theft and should be kept in a secure location when not in use.
3. Insurance Policies: Insurance policies, including homeowner’s insurance, auto insurance, and life insurance policies can be stored in the safe deposit box. These documents can be significant in filing insurance claims in the event of loss or damage.
4. Estate Planning Documents: Documents related to estate planning like trusts, powers of attorney, and living wills should be stored in the safe deposit box.