4 questions to determine where to keep your valuables
If you’d like to keep your important papers and small valuables away from burglars, fire or natural disaster, here are four questions you can ask yourself to determine whether you should store them in a bank safety deposit box, an in-home safe, or both.
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How valuable are your items?
If items are not replaceable or very valuable, such as expensive jewelry or special documents, you’ll want to keep them in a bank safe. If they are not as valuable or can be easily replaced, an in-home safe is probably good enough.
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How often do you need these items?
If you only use items, such as fine jewelry, on special occasions, a bank safe may work well, but if you use them nearly every day or at least once a week, a bank safe would be inconvenient and a good in-home safe may be a better idea.
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Will you be away from home for an extended period of time?
If you’re planning to be away from home for an extended period of time, be sure to put all of your valuables in a bank safe. If you’re gone for a weekend or a couple days, you probably don’t need to go to that length, and an in-home safe will work fine.
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How secure is your in-home safe?
If you use an in-home safe, make sure it has a tool and torch resistant rating of 30 minutes or more (TL-30/TR-30), is too heavy for a burglar to carry or is bolted to the floor or home structure. If your safe doesn’t meet these requirements, you may want to keep your valuables in the bank safe instead.
If you need advice about where to store your specific valuables, contact your Chubb representative today.
This document is advisory in nature and is offered as a resource to be used together with your professional insurance advisors in maintaining a loss prevention program. It is an overview only and is not intended as a substitute for consultation with your insurance broker, or for legal, engineering or other professional advice.
Chubb is the marketing name used to refer to subsidiaries of Chubb Limited providing insurance and related services. For a list of these subsidiaries, please visit our website at chubb.com. Insurance provided by ACE American Insurance Company and its U.S. based Chubb underwriting company affiliates. All products may not be available in all states. This communication contains product summaries only. Coverage is subject to the language of the policies as actually issued. Surplus lines insurance sold only through licensed surplus lines producers. Chubb, 202 Hall's Mill Road, Whitehouse Station, NJ 08889-1600.
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