Are Safe Deposit Boxes Really the Best Place for Your Valuables?

In an incident in Los Angeles, the FBI raided a series of private vaults searching for drug cartel money, and many members of the public soon discovered that valuable items they had been storing in the safe deposit boxes, were confiscated along with everything else. From silver coins and cash, to jewelry and precious heirlooms, they all became a part of the FBIs investigation.

While some customers chose to file class-action complaints against the acting US attorney in Los Angeles and the head of the FBIs L.A. field office, others were simply desperate to get their belongings back, and began to wonder if they would ever see them again.

You might assume – and in some cases, rightfully so, – that renting a safe deposit box is the best place to store your valuables, but in some cases, as illustrated above, it brings nothing but stress and uncertainty.

So, if safe deposit boxes aren’t the best place for your valuable items, where is?

Choose a fire resistant high security safe

For protecting a wide range of valuables, such as jewelry, important documents, guns and cash, a fire resistant or burglar proof high security residential safe is an effective and reliable alternative to a safe deposit box. 

When it comes to protecting items that are worth less than $50,000, a burglar fire safe will protect them from theft and shield them for a certain period of time, from the ravages of a home fire. Designed to meet both threats, these safes undergo rigorous testing before they earn their fire-safe and UL burglar ratings. And by having a safe technician bolt your safe to the floor, you’ve done everything within your power to protect your valuables at home.

For items worth more than $50,000, go for a safe with the highest security rating you can possibly afford, and your local safe specialist will be able to talk you through your options.

Ultimately, it’s entirely up to you where you decide to store your items of value, but wherever that may be, make sure that you weight up the pros and cons carefully before making your final decision. Many homeowners prefer the knowledge that their items are close by in case they need them, and are well protected in a high security safe designed to be resistant to all attempts to break it open, and to fire damage.

No storage solution is 100% infallible, but provided you discuss your needs with a safe specialist and recognize that to protect your investment, you have to make an investment, you can do your best to keep everything as secure as possible.