While an at-home safe should be part of your security plan, a safe deposit box may be more feasible for many of us. It provides privacy and security, protecting your items from theft and scrutiny. However, it’s essential to know what you should and shouldn’t store in your safe deposit box. It is not meant to hold everything you deem valuable.
Renting Your Safe Deposit Box
Although more and more financial institutions are going digital, a safe deposit box can still be rented from a bank or credit union. These boxes are stored in a vault and are generally available in sizes from 3 x 5 inches to as large as 10 x 15 inches. Prices range from under $50 to over $200. If you already have an account at the institution where you are renting your safe deposit box, you may get a discounted price.Once you’ve rented your box, it’s important to know how to use it.
