It usually comes with size restrictions and limited access, however, so you might want to keep anything that you might need in emergency situations out of this box. It is further secured with double locks and two keys and requires authorization in the case of another person accessing it on your behalf (except in cases of joint rentals).
It comes in various sizes, more for protection from natural disasters and theft than insurance. Philippine National Bank (PNB) What is a safety deposit box?Ī safety deposit box is an individual locker of sorts, usually a metal box that is resistant to fire, flood, heat, earthquakes, hurricanes, explosions, and other disastrous conditions, and is typically secured in a vaulted section of a bank. What are the things that you can put in a safety deposit box?.