Safe Deposit Box Insurance Provides Insurance for Gold Storage
US investors in gold bullion and rare coins can now rest assured that in case of safe deposit box content loss from theft or a catastrophe, they can be fully protected through insurance from SDBIC.
CHICAGO, IL SDBIC is the exclusive provider of insurance coverage for safe deposit boxes, which are often used for gold storage and storing other items of high value. Unbeknownst to the majority of safe deposit box holders, the contents are not insured by the Federal Deposit Insurance Corporation (FDBIC), if held at a bank, or the National Credit Union Administration, if held at a credit union. SDBIC has partnered with banks across the United States to shield investors and provide them with protection.
"Secure storage of physical investment vehicles like gold bullion, rare coins and other precious metals is a problem for many investors,” stated Jerry Pluard, CEO of SDBIC. “While having personal custody of valuables can provide a feeling of comfort, there is risk that the entire investment could be wiped out from a theft, flood, fire or other natural disaster.”
1 out of 5 homes in the US will be victimized by a violent home invasion or burglary, and the number home invasions are growing, according to statistics from the US Department of Justice.
“There is no protection for valuables stored in a residence when an armed home invasion occurs, since the safety of a loved one may be at risk. The best thing to do is to store gold and coins offsite in a safe deposit box.” Pluard warns: “But…the safe deposit box contents must be insured.”
SDBIC has developed a unique insurance coverage to investors that store gold, coins, jewelry, gem stones, cash and any other types of valuable in safe deposit boxes. Insurance can be purchased directly from partner banks and credit unions, or online at www.safedepositboxinsurance.com in a matter of minutes. Privacy of the insured party is also assured, because the contents do not have to be disclosed or appraised at the time of the policy purchase and box contents can be added or removed at any time. In most cases, the financial institution does not know the total amount of coverage or what safe deposit boxes have policies in place. A social security number is not required for insurance policy purchase and the full safe deposit box number is not disclosed.
“The value of gold has been rising each of the past 12 years,” Pluard continued. “Investors are seeing gold as a way to protect their net worth, but the risks associated with not having the physical assets properly stored and insured nearly eliminate all of the perceived protection.”
Founded to fill a void in the insurance market, SDBIC’s mission is to promote the benefit of using a safe deposit box as a personal safe haven, where property can be stored and conveniently insured at an affordable cost without disclosure of the contents in the box. Insurance policies can be purchased online at www.SDBIC.com.
- Contact Information
- Jerry Pluard
- (1) (224) 227-6181
- Contact via E-mail
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