Inside the Safe Deposit Box and Why You Need One
Yes, a safe deposit box may seem old fashioned now that we have access to impressive technology and digital recordkeeping tools. The reality though is that many of your most valuable items – original hardcopy birth certificates, property deeds, contracts, keepsakes or treasured family heirlooms – need a safe and secure location to be stored. A safe deposit box at Monson Savings Bank is the perfect place to protect these mentioned items, and more.
Monson Savings Bank safe deposit boxes allow you to have bank level security for your irreplaceable items. High quality residential safes can be expensive and difficult to hide. Our safe deposit box secured containers are located within our branches’ vaults. They provide you with a high level of safety and security for your items at a low annual price.
What to Keep in Your Safe Deposit Box:
- Important personal paperwork such as a copy of your last will and testament, social security cards, original birth certificates, adoption papers, marriage licenses, death certificates, citizenship paperwork, custody agreements, divorce decrees, power of attorney paperwork, healthcare documents, military service records and more.
- Deeds, titles and insurance paperwork for your home, car or other property
- Insured valuable collectibles, like stamps, coins, trading cards, or other collectible items
- Insured jewelry
- Business paperwork, such as contracts, records, legal documents and more
- Flash drives containing important data
- Valuable family heirlooms
- Any paperwork or small item that cannot be replaced
Managing Your Safe Deposit Box:
It is recommended to keep an up-to-date inventory of the items you store in your safe deposit box that you edit each time to add or remove items. This will help you to keep track of where your important documents or items are located.
The Cost of Safe Deposit Boxes:
Safe deposit box rental prices vary according to size, starting at only $40 a year for the smallest size. Box rental is for a period of one year and may be renewed indefinitely. When it comes to protecting your items a safe deposit box is invaluable but with this low cost there really is no reason to wait any longer. Contact us for more information.
Are Safe Deposit Boxes Insured, Like My Accounts?
The contents in your safe deposit box are not insured or guaranteed by the bank, the FDIC, or by any other government agency. This means you will want to independently insure any high value items with your insurance agent before placing them in your safe deposit box.
Want to Open a Safe Deposit Box?
We have Safe Deposit Boxes available at our Monson, Hampden and Wilbraham branch locations! Please contact us to learn more or to rent your safe deposit box today!
