Our insurance policies are “All Risk” and are underwritten by leading insurers. The contents of your safe deposit box will be fully insured to the value that you specify (please ensure that the level of cover you select is adequate to replace your belongings).
Please note that this insurance cover only applies while your belongings are stored inside an approved Security Box Centre or Bank Vault. If you remove your belongings from the approved Security Box Centre or Bank Vault, insurance cover will cease on those items; if you then return the items to the approved Security Box Centre or Bank Vault cover will recommence.
What isn’t covered: Natural ageing, gradual deterioration, inherent vice, latent defect, rust, oxidation, warping, shrinkage, mould, insects, corrosion; aridity, humidity, exposure to light or extreme of temperature unless such loss is caused by storm, frost or fire or other sudden unforeseen event; confiscation, nationalization, requisition or destruction under the order of any government or public or local authority; misuse of any property insured under this policy; the corruption, loss or failure of computer data, hardware or software; war; biological or chemical contamination; nuclear reaction, nuclear radiation or radioactive contamination; seepage, pollution or contamination unless caused by a sudden, identifiable, unintended and unforeseen accident occurring and discovered within 7 days of the accident during the period of insurance; any event which happened before the start of this policy; theft, fraud or dishonesty committed by you; fees and expenses incurred by you in the preparation of a claim; fines or penalties, punitive or exemplary damages of whatsoever nature; Mysterious Disappearance and Unexplained Loss; loss, damage, injury, cost or expense of any nature directly or indirectly caused by any act of terrorism; any items which are not stored within a third party vault.
For additional peace of mind cover can also be extended (subject to an additional premium) to include periods in which contents such as jewellery are taken out of your safe deposit box to be worn (ideal for special occasions, weddings and social events). Please note that cash and currency are not covered.
For additional peace of mind cover can also be extended (subject to additional premium) to include periods in which contents such as jewellery are taken out of your safe deposit box to be worn (ideal for special occasions, weddings and social events). Please note that cash and currency are not covered.