Knowing your expensive jewelry and important documents are kept in a secure spot can offer peace of mind. Safe deposit boxes are designed to keep valuables protected from theft, fire, and other types of damage. Most banks offer them as part of their lineup of financial services and products. Here are several benefits of having a safe deposit box. 

3 Advantages of Using a Safe Deposit Box

1. Protects From Disasters

Dangerous storms and flooding can cause serious or permanent damage to your most prized possessions. A safe deposit box is an ideal receptacle for storing these items because these containers are made to be resistant to fire, water, and other natural elements. Valuables can also be lost or swept away during a natural disaster, and putting them in a safe deposit box also protects them from disappearing. 

2. Stores Important Documents

From copies of a life insurance policy to passports, a safe deposit box is also perfect for housing important documents. Should something happen to the originals, you’ll have access to additional copies, especially if you need them in a pinch. Most banks provide the secure containers as part of their lineup of financial services as a safe spot to keep legal documents and other sensitive information. 

3. Assists With Estate Planning 

You and your loved ones should have a will or trust in place to carry out your wishes after you pass away. As part of the estate planning process, it’s strongly advised to name an executor to oversee your financial and legal affairs. Using a safe deposit box can make estate handling much smoother because you can give your executor permission to access it and its contents. 

Since 1925, Armstrong County Building & Loan Association in Ford City, PA, has served the community by providing a variety of financial services and products, including safe deposit boxes. These secure containers are offered in several sizes with affordable annual rates ranging from $15 to $100. The local bank treats also places high value on personalized customer attention for all of your home, vehicle, and loan needs. To learn more about this hometown institution and their financial services, visit their website or call (724) 763-7137.