Jerry Pluard, co-founder of Safe Deposit Box Insurance Coverage, says there are about 20% fewer than the 40 million ...

Unlike the deposits in your bank account, the contents of a safe deposit box are not insured by the Federal Deposit Insurance Corp., so carrying separate insurance on your valuable belongings is a ...

Of course, you can have your own insurance policy on the items. But that is another cost to consider. As we mentioned above, the bank is only able to open a safe deposit box to the owner of the box.

Insurance policies. Inventory of personal possessions. Valuables such as family heirlooms or jewellery (though remember that the bank typically doesn’t insure the contents of a safe deposit box).