SecurePlus is the first insurance-focused accreditation program uniquely designed to address the specific needs of both the vault facility and their individual customers. It is the most comprehensive and cost-effective insurance program available to vault-owners in the market today.
SecurePlus accredited vaults provide a fixed amount of insurance coverage to each occupied unit, then allow each client to obtain and pay for additional standalone insurance for the remaining full value of their box contents. The additional insurance is issued directly in the client’s name for the precise amount of coverage needed so your clients are fully protected in the event of a loss.
SecurePlus accredited vault companies enjoy a distinct competitive advantage over banks and depositories, such as Brinks or Delaware Depository, while further enhancing the value of their core-storage services to better attract and retain customers.
The program minimizes the cost to the vault-facility owner; since coverage is not being maintained on unoccupied boxes, or for an amount that greatly exceeds the value of the property in a box, which often happens with a single aggregate policy.
SDBIC’s insurance coverage is offered in partnership with AXA ART, the world’s leading art and collectibles insurance specialist. AXA Art Americas Corporation products are underwritten by AXA Insurance Company, which maintains an “A (Excellent)” Financial Strength Rating and an “a+” Issuer Credit Rating from A.M. Best. Both AXA ART and AXA Insurance Company are members of the global AXA Group, one of the largest insurance companies in the world. Read more here.
The fixed coverage amount per leased box begins at $2.50 per month for each leased box.
The insurance covers all legal property in the safe deposit box or unit–including currency, cash, gold, and firearms–against all natural disasters, as well as theft due to burglary or robbery and other catastrophes.
Coverage uniquely extends to also protect property with no intrinsic market value, such as important documents like wills, titles, deeds, trusts, passports and digital backups and photos.
SDBIC, a leader in secured vault insurance solutions and risk assessment, developed SecurePlus accreditation in response to the lack of recognized standards to assess the safety of contents being stored at private vault facilities.
To become accredited, a facility undergoes a rigorous assessment of its physical design and operations, involving analysis and inquiries in over 200 different areas ranging from vault design and construction, physical and electronic security, access technology and controls, fire detection and suppression, institutional policy and procedures, and management oversight.