Burglaries are on the rise in the UK and this is something to be worried about as we all have valuables at home. And who would want to risk their precious belongings getting stolen? This brings to the fore the importance of safe deposit lockers.
A safe deposit box is an option to explore when you need to keep your jewellery, cash, essential papers, files, heirloom items or other possessions secure. Here we are giving you a low down on safety deposit lockers, how are they useful for us, are different sizes of boxes available and what items can you keep in them. So, keep reading as we answer all your queries.
What is a Safe Deposit Locker?
A safe deposit locker is mostly a metal container that can be used to keep heirloom items, gold and diamond jewellery, important documents and other valuable items secure. People can rent safe deposit lockers in London easily by paying a small amount annually. Such safety lockers are available at banks or private vaults.
Safe Deposit Box Sizes
One can pick a locker size as per one’s requirements. There are numerous safe deposit box sizes available to choose from. Neelkanth Safe Deposit offers 18 different sizes of boxes, ranging from small, standard and double width.
The standard size box has a width of 320mm and is suitable for storing official or important documents, tablets, laptops, coins, stamps etc
Is it possible to share a safe deposit box with others?
A safe deposit box can be handled by more than one person. When the box is first rented, one can introduce co renters who can be their family members or business partners. A co renter can also be added later. For this, the new renters have to give their identity proofs and sign the documents and then they can be added as co-renters. Co-renters would be able to operate the locker just as the renter.
What if the Renter of a Safe Deposit Box Passes Away?
Lease agreements for safety deposit lockers include instructions regarding such a situation when the renter of the box dies. For example, if the individual dies, the bank can provide family members access to the box if it’s needed to collect important papers like a will or property deeds. This normally necessitates official court documents.
If a co-renter is still alive, the bank/private vault can allow third-party access to the box only after the co-renter’s approval. If one of the renters dies, the bank is not required to identify who owns the contents of the safe deposit box.
When is it Time to Rent a Safe Deposit Box?
When is the time to rent a safe deposit box? The answer to this question will depend on what you wish to put in the box, the value of those assets, and how emotionally connected you are with them.
If you have heirloom jewellery and you want to keep it secure, then renting a jewellery lockeris a must. You can keep important documents, bullion bars, coins and other precious possessions in it. A vault can ensure multi level of security for your valuables that your home will definitely lack.
Want to rent a safety deposit locker? Google search “locker facility near me” and you can easily select the one near your house.
What Things Can Be Stored in a Safe Deposit Box
These boxes can be used to keep a variety of valuables.
Some items to consider putting in a safe deposit box are- diamond and gold jewellery, important documents, rare photographs, watches, coins, stamps etc.
Hope it has been an interesting article. If you have any queries, please let us know in the comments section below.