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5 Reasons To Use A Safety Deposit Box

By popular demand, Star Choice has received a new safe full of Safety Deposit Boxes.

You may be wondering, "What is the point of a safety deposit box? I have all my important things at home, where they are easily accessible, what would I want a safety deposit box for?"

Here are 5 good reasons to consider putting your valuables in a safety deposit box:

#1  Your items are protected from fire, flood or other natural disasters at home. 
Natural disasters can destroy much more than the house itself.  They destroy memories like photographs, jewelry, birth certificates, and other important records. You can keep your most valued possessions, copies of your important papers, and even your photographs in digital form in a safe deposit box away from the house.

#2  It’s a cost-effective way to keep valuables private and safe. 
Only you know what’s inside your safe deposit box.  The cost for a safe deposit box varies depending on size.  They are available in two sizes, small and large, and cost $40/$50 per year, respectively.

#3  Your items are protected from theft at home. 
Your valuables can’t be stolen from your home if they are not there.  A safe deposit box is a great way to give you that extra peace of mind — just in case your home is ever burglarized.

#4  Your items are protected from being lost or misplaced.
If you are the type to misplace papers and other items, you might benefit from using a safe deposit box instead of trying to keep things organized at home.

#5  Your family members will know where to find your important papers.   If you have a copy of something important (like your will or insurance papers) in a safe deposit box, your family members will be able to retrieve those items if you, personally, cannot.

Stop in to either one of our locations or call us at 952-698-SCCU (7228) for more information on how to set up your Safety Deposit Box today!

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Reader Comments (1)

Although the Credit Union Safe Deposit Box is ultimately the most secure place for members to protect their valuables, in the event of a natural disaster or man-made event neither the Credit Union or NCUA cover the loss. Safe Deposit Box Insurance Coverage (SDBIC) is the only company offering Credit Union members the option to insure the contents of their leased box against natural disasters or man-made events. The patented product is 30% less than a homeowners rider with no content description, appraisal, or deductible.

January 2, 2014 | Unregistered CommenterKeith Drankiewicz

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