Security Safe or Fireproof Safe at Home
A while back there was a fantastic article from Ray Martin on CBS Moneywatch talking about things that should be stored in a fireproof safe. Many people think that just a security safe will suffice, but as he writes, a fireproof safe is the best to really protect fragile things like documents, jewelry, and precious metals.
He also points out that for those of you thinking of just having those high-value items in a safety deposit box at a bank, well, think again! Remember, the items in a safety deposit box are not insured. What happens if the bank collapses, like the Cyprus bank system? Think you’re getting your gold or silver back. Think again!
Even in the event of a disaster at your home, a lot of times the items in a fireproof safe are covered at home by your homeowner’s insurance, as I talked about here.
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