So you have Homeowners Insurance, an alarm installed to protect your home, and you are still paranoid about something going wrong. But, what else can you do?
You do have the option of storing high-value and irreplaceable items in a safety-deposit box. In addition to keeping important documents, for example birth, marriage and death certificates, your insurance policies and your household inventory list, secure, you can also store jewelry, small family heirlooms and other precious collections to give them added protection.
Not to mention that keeping jewelry that you have scheduled on your Massachusetts Home Insurance policy vaulted, may actually allow you to save on your premium for those items. Banks are considered to be at a lower risk for fire, theft and water damage. But, these items are still covered under your Homeowner’s Insurance in Massachusetts.
Before you decide to make the transfer to the lock-box in your bank’s basement, check with your Massachusetts Insurance agent to see how storing high-value and priceless items in a safety deposit box will affect your policy.
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