Safe Deposit Boxes: Are they worth the cost?

(Please note, this page may contain affiliate links and we may earn fees from qualifying purchases at no additional cost to you. These earnings help us offset the cost of running this site. Read our Disclosure and Disclaimer for further info.)

How are you storing your valuable items and important documents?

Everyone has something of value that needs safeguarding, such as passports, birth certificates, marriage licenses, and family heirlooms.

You can keep your valuables at home in a shoebox hidden under a loose floorboard, but that storage method usually only works in the movies and often not very well.

One idea to consider is a safe deposit box. You can think of a safe deposit box, sometimes called a safety deposit box, as your personal bank vault.

They probably sound old school; A dated method your parents or grandparents swore by to protect their valuables or most precious items from theft, fire, and natural disasters. Yet, federally insured banks and credit unions across America continue to rent out boxes to their customers every day.

Since we both snowbird, a safe deposit box makes sense for us. We don’t take all of our important paperwork or valuable items back and forth when we travel between homes. And we don’t want to leave it in one…