The Need For A Safe Haven

n the past 3 years, banks across the nation have lost, stolen, or destroyed up to $1.3 billion worth of valuables that their owners had assumed were secure in their safe deposit boxes. Many people believe that safe deposit boxes are the best place to keep your valuables, but the reality is that banks provide little to no security for your belongings. The bank has the rights to drill into your vault at any time they feel like doing so, and you are powerless to stop them.

Storing your valuables at home is no less safe. Keeping them in a safe at your home comes with inherent risks of a break-in or of someone threatening your family. If someone were to point a gun at your child and ask you to open up your vault, there isn’t anything you can do. Just having your valuables kept at your home is a hazard to both you and your family.

Insurance also may not be able to cover the entire value of your items. A standard home insurance policy from Allstate only covers up to $2,500 worth of your personal belongings. If the cost of your valuables exceeds that amount, you are out of luck. In addition, some objects are simply irreplaceable. If priceless artifacts and family heirlooms are stolen, no insurance policy can restore what was lost.

That is where Safe Haven comes in. Safe Haven Private Vaults specializes in military-grade security and protection for any and all goods. Utilizing state of the art technology such as retina scanners, motion sensors, ballistic paneling, steel plated reinforced concrete walls, 24/7 monitored cameras, armed guards and more; you can rest assured knowing that your valuables are secure. Safehaven Vaults was appraised by Global Risk Evaluations and was given their highest ranking of a “Tier 1 Vault” which surpasses the qualifications of the best banks in the world and the Department of Defense.

Safe Haven Vaults is considered so secure, that the insurance companies that work with Safe Haven provide rates that are 10x lower than if you were to insure those items through your homeowner’s insurance. With Safe Haven, you can fully insure the entire value of any item you store with us, and there is no need to tell us what it is. Using iris scanning technology, your own personal pin code and a key that only you have access to, the only person able to access your vault is you.

With 24/7 access to your personal vault, you never need to worry about getting to us before we close. With armed guards monitoring cameras at all hours of the day, you are free to come in at any time you please. Safe Haven is the most secure private vault facility in the country and is the right choice when it comes to protecting what is important to you.

The Importance of Insurance on Safe Deposit Boxes

Are You Covered?

It’s very common to think that one of the safest places to store our valuables is in a safe deposit box at a bank. After all, banks do in fact have the best 24-hour security and alarm systems. However, tragedies such as the natural disaster of Hurricane Katrina and the 9/11 attack on the World Trade Center have proven that a safe deposit box may not be the safest place to hide your valuables! In both of these terrible tragedies, hundreds of people’s safe deposit boxes and their contents were destroyed beyond repair. To make matters even worse, the contents of your safety deposit box are rarely insured, and if the contents of your box consists of cash, it is never insured! Sadly, many people found this out the hard way in the two tragedies mentioned above. The FDIC only insures the deposits in accounts held in banks, but not the contents of safe deposit boxes.

Hurricane Katrina wiped out 250 safe deposit box vaults in banks. That is a lot of boxes and a lot of unhappy people. If you think about everything you could put in it and how much it would cost to replace, It’s a bargain. Things you really should reconsider keeping in a safety deposit box include originals of key documents, such as birth certificates, passports, property deeds, car titles, family heirlooms, valuable collections, special pictures or videos, etc. These things are truly irreplaceable and not worth the risk of putting them somewhere that you can’t guarantee to be kept safe at all costs. Not only are natural disasters putting your safety deposit boxes at risk, but also major Financial Collapse will leave bank safety deposit boxes completely inaccessible to their customers. The Collapses that occurred in 1932 started the Great Depression, and the Housing Bubble Bursting in 2008 started off a national Recession.

Contents kept in a bank’s safe deposit boxes are not insured by any financial institution or federal agency, such as the FDIC or NCUA.  Remember that, by law, FDIC insurance covers only deposit accounts. Also, don’t expect the bank to reimburse you for theft of or damage to the contents of your safe deposit box. Unlike the bank, a private safe can be fully insured and keep your valuables safe. Safe Haven Vaults offers immaculate security measures and the freedom to store anything in our facility. From Important Documents to precious metals, you have Access to your valuables 24/7. The property inside the safe deposit box is also insured against loss, damage or destruction caused by fire, flood, robbery, burglary, explosion, terrorist act, and all-Natural Disasters. The peace of mind a private vault company such as Safe Haven is truly one of a kind.

There are circumstances in which a bank’s safe deposit box makes sense, but it could also become a costly mistake.  If you want the financial security and peace of mind that comes with insuring your most valuable belongings and knowing that you can obtain these at a moment’s notice, Safe Haven Private Vaults is the place for you!

Banks vs. Private Vaults

NEW YORK CITY – SEP 5: Wall Street with skyscrapers on September 5, 2014 in Manhattan, New York City. Wall Street financial district has been called the world’s principal financial center.

We all have valuable and sentimental items that we want to protect. For securing smaller objects and documents, a safe deposit box is often the most convenient solution. When deciding whether to store something inside a safe deposit box, there are many factors to consider about your items. Some might believe the bank is the safest or most trusted place for these valuables, but a quick look at the facts shows a lot of problems with these bank services and provides us with an alternative solution.

 Accessibility Issues

Safe deposit boxes are secure storage boxes that you can rent at a local bank, and they are kept in a vault. The bank offers a level of security that a private residence can’t offer, the downside is that you have limited accessibility to your deposit box because it’s only accessible during the banks business hours. Banks are closed on evenings, weekends, and major holiday. So items that you need at a moment’s notice or in an emergency probably shouldn’t be stored at a bank.

Safety Risks

The contents of a safe deposit box are rarely insured. Unless you purchase a separate policy from a third-party insurer or add a rider to your homeowner’s policy (which is very pricey), the bank won’t take the liability. The FDIC, which covers deposits at federally insured financial institutions if they fail, will insure some federal bank accounts, it does not insure the contents of a safe deposit box.

Another concern with banks is that they are susceptible to hacks, these have occurred to multiple financial institutions recently; criminal hackers infiltrated the computer systems of banks and other businesses and stole the personal information and credit card information of their customers.

There have also been cases of Banks stealing valuables. Three different Bank of America customers were blindsided when the bank drilled and emptied their safe deposit boxes without their permission or the required notice. When the Bank removed their valuables, they destroyed the documents and sold the valuables at auction. The bank even lost or damaged tens of thousands of dollars worth of property that was removed from those boxes. With your life savings and most valuable possessions at stake, this is probably a risk that you don’t want to take.

The U.S. Department of Homeland Security is allowed to obtain a warrant to access your safe deposit box for any reason that they feel is justified. For example, if the bank reports any ‘suspicious activity’ or events of that nature (i.e. too many regular visits, etc.) The IRS is also able to freeze assets merely based on suspicion of probabilities. Sometimes the greatest threat to your valuables is the financial institutions you entrusted them to. However, if you were to store your valuables in a private vault, you wouldn’t have to worry about it being regulated or audited.

Banks Taking Advantage of their Customers

Regardless of their benefits and safety nets, and “good intentions”, a banks ultimate goal is to generate profits, which means they want your money. The contrast, is that you also want to keep as much of your money as humanly possible. This brings up a conflict of interest in many cases that frequently results in banks making not completely legal or ethical decisions with their company, and with your money. Some classic examples of banks taking advantage of us as consumers include:

  • Not paying the rewards that are promised in their contracts
  • Increasing the amount of cash that we have to pay based on poor credit scores
  • Hiking up interest rates
  • Taking 5 days to wire transfer ‘your’ money
  • Creating accounts in customers names
  • Massive overdraft fees,
  • Not exactly legal late fees
  • Maintenance fees
  • Minimum balance fees
  • ATM fees, made up fees
  • Basically, they charge you fees for breathing and existing.

Why Safe Haven Vaults is the best place for your valuables

Safe Haven Vaults is the most secure and private place for your valuables. You have complete access to your valuables whenever you want, and you are never regulated for doing so. At Safe Haven, you have full access to your valuables 24 hours a day, 7 days a week, 365 days a year. Your personal information is inaccessible to hackers because Safe Haven Vaults does not obtain or keep track of any of your personal information. You don’t have to give ID, SSN, Credit Card, you don’t even have to give them your name. The only record that Safe Haven Vaults keeps is your iris scan for you to access the building; which is kept encrypted on their off-grid servers. Safe haven also offers FULL insurance to all of your valuables at an affordable price, they even insure cash! So, you never have to worry about anything happening to your precious items. Safe Haven’s security has taken the best features from numbers of facilities throughout the U.S. and combined them with the most advanced camera and security system on the market. This includes retina scans, bulletproof windows, vibration sensors, ballistic-grade steel walls, 30 cameras, and armed guards.

All in all, some of your items are irreplaceable, so don’t risk leaving your valuables anywhere besides a place that you can truly trust to be your Safe Haven.