Deposit Boxes Not As Safe As You Think


Do you have a safety deposit box? If so, this is a wake up call on information you should know, but most people don't! 

As the Herald-Tribune article by John Hielscher mentions, contrary to common belief - the contents of safe deposit boxes are not covered by their banks or the Federal Deposit Insurance Corp.

Banks are not liable for damage to safe deposit boxes caused by storms, flooding, fire or theft. The same holds true at credit unions.

Click on link below to read the article.

http://www.heraldtribune.com/article/20130527/ARTICLE/305279995/2413/BUSINESS?p=all&tc=pgall

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