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Safety deposit box at bank vs. safe at home

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Comments

  • andrew-b
    andrew-b Posts: 2,413 Forumite
    Part of the Furniture
    edited 13 December 2009 at 12:06PM
    Alot of safes designed for security aren't fire proof. But those that are fire proof generally aren't as secure..unless you pay enough! Not totally fire-proof either -just fire retardant - usually 30 minutes at least though. Suppose you could get a big enough secure safe and put a fire-proof/waterproof (remember if you suffer a fire lots of water will be pumped into the building) document box inside it!
    Not convinced how much need there is for protecting documents from fire these days as many important documents it's easy enough to get new copies. As for house deeds..now it's all done via land registry so new buyer's don't get them anyway. Risk of identity theft is probably higher these days!
  • andrew-b
    andrew-b Posts: 2,413 Forumite
    Part of the Furniture
    ormus wrote: »
    the MSE method is to bury them in the garden. (use a metal box wrapped in plastic sheeting).
    not quite as bad as some elderly family i know who used to keep their money in the shed.. but not far off :D

    Little story for you....during WW2 my grandad buried some bronze statues in his garden for safe keeping before he went off to do his bit! They never did get dug up. My grandad had told us many years later but by then hadnt a clue as to the location! He died taking the location with him. Despite some digging with metal detector before the property was sold it never was found! But it was like looking for a needle in a haystack and the treasure probably wouldn't have been worth the effort!
  • andrew-b wrote: »
    (remember if you suffer a fire lots of water will be pumped into the building)

    A good point - thanks. Expect I'll look at getting one that's waterproof as well, then.
  • andrew-b wrote: »
    Not convinced how much need there is for protecting documents from fire these days as many important documents it's easy enough to get new copies. As for house deeds..now it's all done via land registry so new buyer's don't get them anyway. Risk of identity theft is probably higher these days!

    The specific documents I was thinking about are ones that I'm not sure *would* be that easy to get copies of - actually, some old utility bills! I have what I think's a good reason for wanting to keep at least a few of the first ones I had here (legal-position-related). What I think I'll do is scan them onto a USB drive, as suggested by Errata, but maybe still get a document box.
  • Locknut
    Locknut Posts: 436 Forumite
    Another thing to remember is that fire resistant comes in 4 basic styles 30min and 1 hour, also Data IE memory sticks flash drives and document self explanitry really.

    Now its just a choice of either key or combo lock and how much in cash or valubles you want to put in there.
    hth
  • Thanks for the information, Jplocksmiths.
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