Safe Deposit Boxs, Should You Insure Your Coins And Other V

I'm pretty sure contents in a bank box are not insured through the bank. Other than a major event like a fire I would think its the safest place to store your collection.

I believe standard homeowners insurance usually protects home contents against theft and fire etc... damage.

Hence, a good home safe is probably your best bet.

I have thought about insurance in the past, but I have continually decided against it. Insurance does not make sense to me because my collection is very modest and its real value is sentimental (insurance would not be able to recover that loss).

Most homeowners policies have a limit(mine was $1000) unless you add a rider. I like a safe...just happen to have a dynamite safe in my conditioned garage...gun safe is too full.

Check with your agent. I think you need a rider as someone else stated.

I sold insurance for a brief time for a major (you are in good hands....) and at that time, ten years ago, the basic homeowners did cover $1k for collections. I don't have to tell you guys that it doesn't take much coinage to reach that figure. Riders can be added on for just a little more money (keep in mind this was ten years ago). Of course, photos and documentation are a must. I really like the gun safe idea. Great for knives and coins also.
Ironic story about gun safes for you football fans. I saw Steve McNair looking at gun safes in Nashville just a few months before he was murdered.

I thought about a home safe. If it can be carried in, it can be carried out. I just feel that the safe-deposit box is the best bet. My cost is $20 a year for a good-sized box.

And so it happened to my neighbor. They not only took the safe, which was bolted to the floor and wall, but they took that wonderful alarm system, all furnature, ever the light bulbs in the ceiling fan fixtures. The security company called the house during the robbery and the crooks answered the phone and said everything was OK.
If your neighbors see you bring a safe in, everyone knows you have millions to hide or so they tell everyone. First it's "did you see the Jones's got a safe for their Gold, Silver, coins, etc?". Then it's did you know the Jones's have millions in their new safe?" and on and on and on.
If that safe is anywhere in the house and you have company, they usually see it. If you have kids, they just must tell all their friends about your safe. If you have any work done in your house by contractors, they see that safe and you seldom know the contractors.
In case of emergencies in many areas the Gas, Electric, Water and phone companies sometimes need to inspect your house and they too see a safe and you seldom know them.
There are village, town, city inspectors in many places that have to inspect your house for tax purposes. If you ever appeal a house or property tax, they send out a tax assessor and they too see that safe.
Safe deposit boxes too have a problem. For instance is a meteor fromo outer space hits that bank, your property could be lost. If Mexico invades the USA, may have already happened, they too could do a run on your bank and empty the safe deposit boxes by using dynomite. If you live in California and that really big Earahquake, that they say is coming does happen, you could loose what ever is in that safe deposit box.
I keep most of my collection in safe deposit boxes. Much easier to hide a key for those boxes than entire collections or a aafe. And no insurance on them since I just don't want a bunch of strange people at an insurance company knowing what I own. All your info goes into their computers and if you have been watching the news you would know that hackers are constantly getting personal info from such systems.