A partnership as uniquely appropriate as it is innovative, Safe Deposit Box Insurance Coverage (SDBIC) has announced that AXA ART, the only art and collectibles insurance specialist in the world, has become the exclusive underwriter of SDBIC’s proprietary safe deposit box insurance solution in the United States.
SDIBIC’s exclusive patented insurance covers personal property stored inside safe deposit boxes, against natural disasters and catastrophes, including robbery and burglary.
Safe deposit boxes are the best option for storing valuables and universally recommended by federal, state and local law enforcement officials, as well as organizations including FEMA, FBI, and the American Red Cross. Given the increased frequency and severity of natural disasters and other catastrophes which no vault or box can protect against, it is widely recommended that box holders maintain some level of insurance coverage.
The addition of SDBIC under the AXA ART’s portfolio of coverage solutions represents a natural extension of AXA ART’s core mission to protect the collecting and art community against financial loss resulting from physical loss or damage to the insured objects and to help preserve cultural objects for future generations.
“We proactively seek to educate and protect our customers on the potential perils that exist in today’s world, many of which store collections in and out of the home,” said Robert H. Pittinger, Senior Vice President and Director of Underwriting, AXA ART Americas Corporation. “SDBIC literally identified and provided a solution for an insurance gap of which many consumers–including sophisticated collectors–are not yet aware. We believe it to be a superb solution for all situations that which require safe deposit box storage usage.”
One of the fastest growing bank insurance products in the market today, SDBIC has established partnerships with 1,200+ banks, credit unions and private vault facilities across country. Based on confidentiality, convenience and transparency, unique SDBIC product features include:
• No appraisals or listings required at the time of application
• No deductibles paid upon loss;
• Customers choose their own coverage limits/corresponding annual premiums, which start as low as $25; and
• Coverage includes important documents, wills, titles, deeds, passports, photo storage and electronic back-ups.
“We are thrilled to be a part of the AXA ART family, and know our customers are truly backed by one of the top insurance companies in the world,” said Jerry Pluard, President of SDBIC. “Like AXA ART, we believe we offer tangible–and intangible–benefits far beyond any competing insurance solution or provider in the market.”
AXA Art Americas Corporation currently underwrites SDBIC in 43 states and District of Columbia, with pending coverage approval in the remaining states, on AXA Insurance Company paper. AXA Insurance Company maintains an “A (Excellent)” Financial Strength Rating and an “a+” Issuer Credit Rating from A.M. Best and has a financial size Category of VIII.
Members of the Media please direct questions to:
Project Coordinator, Underwriting Department
AXA Art Americas Corporation
Jeremy J. Ahto
Safe Deposit Box Insurance Coverage (SDBIC)
224.227.6181 ext. 303
About AXA ART: International reach, unrivalled competence and a high quality network of expert partners distinguish AXA ART, the only art insurance specialist in the world, from its generalist property insurance competitors. Over the past 50 years and well into the future, AXA ART has and will continue to redefine the manner in which it serves and services its museum, gallery, collector and artist clients, across the Americas, Asia and Europe, with a sincere consideration of the way valuable objects are insured and cultural patrimony is protected. For more information please visit www.axa-art.com.
About SDBIC: SDBIC was founded around one simple concept–help consumers protect their most valued possessions. We are an advocate for the use of safe storage and the leading provider of insurance solutions for consumers’ valuables. Our unique, patented insurance solution protects possessions stored inside safe deposit boxes, without compromising on confidentiality or privacy. SDBIC is one of the fastest growing bank insurance products in the market today. To learn more about SDBIC and/or sign up for coverage please visit www.insuremybox.com or call toll-free (844) 4-BoxIns (496-9467).