Spring has arrived, which means it’s time to clean the cobwebs out of the corners, organize the closets and so forth. While you’re at it, don’t forget to revisit the important documents and other items you have in your home safe and in that safe-deposit box at the bank.
What documents do you need to keep? What can your shred? Are your valuable items properly secured?
Wait, what’s that? You don’t have a home safe? Or a safe-deposit box? Well, let’s look at why you may want to get one – or both – and what to keep inside.
Oftentimes these are well suited for safeguarding important documents and valuable things you access somewhat regularly, such as jewelry or watches. Keep in mind that while residential safes help protect against fire and theft, they often aren’t as robust as commercial models. For the best protection in a home safe, select a model that is heavy enough that a burglar couldn’t make off with it, and consider bolting it to the floor. Here are some of the things you may want to keep inside:
Speaking of safe-deposit boxes, are they an old-fashioned notion or something that’s worth your while? To answer that question, U.S. News & World Report recommends gathering everything you might want to store in a safe-deposit box and then determining whether you feel secure enough storing it all at home.
If not, a safe-deposit box may be a better, more secure option. A bank is more heavily guarded that your home, after all – against theft, fire and other disasters.
If you do decide on a safe-deposit box, here’s what you might want to keep in it:
If not, store these items in your home safe. And, here’s what NOT to put in a safe-deposit box:
Remember, putting something in your home safe or a safe-deposit box is more secure than stashing it in your sock drawer, but it doesn’t guarantee anything, either. So, think about having document backups, as well as insurance for your valuable items.
After all, if something is valuable enough to lock up, isn’t it valuable enough to insure, too? Talk to your independent agent about your personal property coverage and about scheduling any high-value items, especially expensive jewelry and collectibles, separately.
Could your insurance policies use a little sprucing up this spring as well? After a remodel or addition to your home, a significant investment in new personal property or an upgrade to your wheels, check in with your independent insurance agent to be sure you have the coverage you want. Our blog on annual insurance reviews offers some helpful guidance.
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