Safety deposit lockers are secured containers kept in a bank’s vault. They can have different sizes and renting costs.
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If you plan to bring with you very expensive items such as gold, jewellery, gemstones, collectables or anything you deem valuable enough to require extra protection, you have the option of renting a safety deposit locker in a Canadian bank. People often use them to store wills, bonds, property deeds, originals of important documents and even sensitive computer data, and film negatives.
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In some situations, it is highly advisable to use a safety deposit locker. If you own many pieces of valuable jewellery, you should consider keeping part of it at the bank and only taking it out on special occasions. Some cultures encourage gifts of gold and jewellery on occasions such as weddings or when a child is born; if this is your case, you may want to protect something that has both material and sentimental value. Other newcomers sometimes have family heirlooms or valuable collectables such as coins or stamps that they may wish to protect.
A situation in which it would be very useful to rent a safety locker is if you are considering shared accommodation. You may not want to keep extremely valuable possessions around if you are planning to look for roommates when you arrive here. People can be very transient, especially in big cities, and you may never be able to recover stolen possessions. This is not about being overly suspicious, but simply about taking reasonable precautions to protect your valuables.
If you prefer to keep originals of identification documents in a safety locker, make sure you pick a branch that is close to your home. You will need to access these originals easily in situations like getting a new job or registering your children in school. In the case of wills, the best option would be to keep them at your attorney’s office.
Banks rent out safety lockers with individually produced keys at various prices, depending on size and the type of account you have. Some accounts come with free or discount safety deposit options. When you choose a certain banking plan, inform the financial officer who is assisting you that you are interested in a safety deposit locker and ask him/her to calculate what the best option would be. Also, remember to inquire about the bank’s liability in case of robbery or damage and decide whether you need to purchase a separate insurance policy for the contents of the locker.
Advertisement:
Safety deposit lockers are secured containers kept in a bank’s vault. They can have different sizes and renting costs.
If you plan to bring with you very expensive items such as gold, jewellery, gemstones, collectables or anything you deem valuable enough to require extra protection, you have the option of renting a safety deposit locker in a Canadian bank. People often use them to store wills, bonds, property deeds, originals of important documents and even sensitive computer data, and film negatives.
In some situations, it is highly advisable to use a safety deposit locker. If you own many pieces of valuable jewellery, you should consider keeping part of it at the bank and only taking it out on special occasions. Some cultures encourage gifts of gold and jewellery on occasions such as weddings or when a child is born; if this is your case, you may want to protect something that has both material and sentimental value. Other newcomers sometimes have family heirlooms or valuable collectables such as coins or stamps that they may wish to protect.
A situation in which it would be very useful to rent a safety locker is if you are considering shared accommodation. You may not want to keep extremely valuable possessions around if you are planning to look for roommates when you arrive here. People can be very transient, especially in big cities, and you may never be able to recover stolen possessions. This is not about being overly suspicious, but simply about taking reasonable precautions to protect your valuables.
If you prefer to keep originals of identification documents in a safety locker, make sure you pick a branch that is close to your home. You will need to access these originals easily in situations like getting a new job or registering your children in school. In the case of wills, the best option would be to keep them at your attorney’s office.
Banks rent out safety lockers with individually produced keys at various prices, depending on size and the type of account you have. Some accounts come with free or discount safety deposit options. When you choose a certain banking plan, inform the financial officer who is assisting you that you are interested in a safety deposit locker and ask him/her to calculate what the best option would be. Also, remember to inquire about the bank’s liability in case of robbery or damage and decide whether you need to purchase a separate insurance policy for the contents of the locker.
