Wow, that is crazy that the bank just rents the space, so they don't insure it at all. Like what's the point!? I guess they have to cover themselves, but why even offer the service then. It's a bit of a quagmire to figure out the best way to keep our valuables safe.
I believe SDBs Safety Deposit boxes are a liability to the banks so they may be fazing out over the long term and so the onus will be upon the private individual to secure his or her own valuables.
One option that I am beginning to favor is contracting a private vaulting facility space shared with my siblings, It's an hours drive from where I live.
My holdings are getting significant enough to justify the cost, and I can write the expense off as a Carrying Cost.
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