AARP Bulletin: A Safer Deposit Box



That heirloom jewelry, those high-value baseball cards stored in a safe-deposit box–you think they’re insured from mishap? Unlike bank deposits, they’re not, says the Federal Deposit Insurance Corp. An estimated 50,000 boxes have been burglarized or have suffered flood, fire or tornado damage since 2011, with more than $1 billion in losses, according to Safe Deposit Box Insurance Coverage, a company that insures boxes’ contents. Consider protecting yourself with coverage from specialty insurers or, if it’s offered, your homeowners insurance company.

As seen here.