Will a Personal Safe Lower Homeowner’s Insurance?

August 3rd, 2015

 

A person’s home is their castle. It’s the place they should feel safe and comfortable. When a person buys a standard home insurance coverage policy they are protecting themselves for those “just in case” moments when bad things could occur. Homeowner’s insurance typically pays for damage or destruction to a person’s house and their personal property.

 

Does owning and using a safe to store your valuables get you a discount on your homeowner’s insurance? Sometimes it does. It’s a smart idea to mention that you keep your expensive items locked up in a safe and see what your particular insurance company thinks about that– they may offer you a discount on your premium because the likelihood of anything bad happening to items in a safe is low.

 

sure. Because they’re locked away in a safe, these items are essentially safe from damage or destruction. Safes offer both security and fire protection– two things insurance companies appreciate.

fire and burglary safe

Some insurance companies keep a list of certain safe brands that will specifically help you get discounts. Things like “fire ratings” or the size and strength of the bolts/locks can come into play with the idea that the stronger the safe, the better chance that whatever’s in it will not be easily stolen or destroyed…hence, the insurance company can “rest easy” knowing they won’t have to pay for replacing certain valuable, expensive items since the safe is so…safe.

 

In the past, people used to think of storing their important items in a bank’s “safe deposit box.” Today, with personal safes being affordable, it makes more sense to own your own safe for use in your own home so you have unrestricted access to it at any time. Furthermore, there’s a peace-of-mind that comes from knowing where your specific valuables are being kept and that you can use your combination to open your safe to check on the items at any time.

 

When looking to buy your own safe, always buy one that’s physically bigger than you think you need at the time. Bigger is better when buying a safe as you’ll tend to fill the space up over time. Factors to consider include the thickness of the safe’s metal (or other materials), its type of locking mechanism, and its fire rating.

 

If you notice the term “TL-15,” which include some of the safes for sale on Value Safe’s website, that means the safe door can successfully resist entry for a net assault time of 15 minutes when attacked with common hand tools, picking tools, mechanical or portable electric tools, grinders, drills or pressure devices. A TL-30’s safe door can pass the same test for 30 minutes. Do note, however, that this does not include attacks on the sides or top. If you want a safe that is extremely strong on all 6 sides, choose a TRTL-30X6, which can withstand a 30 minute torch/tool attack on all 6 sides of the safe.

 

As for fire ratings, consider purchasing a safe that offers at least a minimum of 1 hour fire protection. Keep in mind that no safe is totally fireproof…most safes, however, are quite fire resistant and able to withstand 30 to 150 minutes of fire.

 

Safes keep your valuables safe. Remember to ask your insurance company if they offer any discounts for owning and using safes to store your most valuable assets.
 

 

Written by Value Safes




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