Safe Deposit Boxes Are Ideal for Disaster Preparation, If Insured

PRLog (Press Release) - Mar. 12, 2013 - NEW YORK -- Thousands of households devastated by the effects of Hurricane Sandy could have potentially felt less financial and emotional hurt if their valuables were stored within safe deposit boxes insured by SDBIC (http://www.safedepositboxinsurance.com).  An insurance policy offered through partner banks and credit unions provides full coverage for loss due to theft or natural disasters such as fire, tornadoes, hurricanes and floods.

Many experts claim that severe weather conditions are becoming more extreme and that it is now a necessity to plan for these catastrophic events.  A study by Environment America, found that there is a 30% increase in the frequency of extreme storms, as identified in their research spanning 65 years.  Illinois Senator Dick Durban echoes these findings and hopes that citizens begin to “face reality” and take the necessary precautions to protect themselves and their families.

Thorough disaster preparation plans include the renting of safe deposit boxes for a local bank or credit union.  Many have been turned off by the fact that valuables held in safe deposit boxes are not insured by the FDBIC or NCUA.  They can now rest assured that the contents of their boxes are safe from loss.  President of the American Bankers Association, Doug Johnson, states, “All safe deposit boxes are termed fire-resistant and water-resistant, but that doesn’t mean they are completely immune to fire and flood.”

Jerry Pluard, president of SDBIC, agrees with Johnson and has seen the results.  “Many families become outraged because they are just unaware that valuables stored within their trusted bank’s walls are in fact not insured from loss due to disaster or theft.  For a nominal fee, 100% of the contents can now easily be insured and their privacy guaranteed.”

Insurance is available within most states and can be conveniently purchased online at https://www.safedepositboxinsurance.com or through partner banks and credit unions. Insurers are not required to disclose the exact contents of the box when purchasing a policy, specific box numbers are kept private and no disclosure of social security numbers are required.

“We understood that people required both privacy and security – personal security and security of valuables.  It is not an either or situation,” added Pluard.  “We were able to receive US patents for our insurance products because we provide an innovative solution to address the privacy and security concerns of the public.”

About SDBIC

Founded to fill a void in the insurance market, SDBIC’s mission is to promote the benefit of using a safe deposit box as a personal safe haven, where property can be stored and conveniently insured at an affordable cost without disclosure of the contents in the box.

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