Safe Deposit Box Insurance

At Merrit Vaults, we offer our clients a comprehensive insurance policy to cover their valuables. Customers can obtain immediate insurance cover for the contents of their safe deposit box at Merrit Vaults for all valuables. Clients should avail of much lower household premiums by storing their valuables with us. .

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Merrit Vaults also provides US$10,000 complimentary insurance to all first time box holders (year one only). Each box can be insured up to US$500,000 at a small additional cost. Higher insurance amounts by request. Please contact us to find out more. .

Please note that a client does not have to disclose the nature of the items stored in their box at the time of rental. However in the unlikely event of a claim, a client would be required to disclose the nature of the items to which the claim relates. We would recommend that you keep valuation certificates, invoices and/or photographs of the items stored in your box. .

Merrit Safe Deposits carries comprehensive risk insurance, which means that we are able to pass along the benefits of being insured to our customers. Subject to pre-agreed amounts, Merrit Vaults will assume liability for loss or damage to items deposited in our safe deposit boxes. .

Many of our clients have informed us that substantial savings on their insurance premiums have been achieved by storing items within our safe deposit boxes, as opposed to standard cover at home. .

The Benefits of Comprehensive Risk Insurance:

1. Cover takes effect as soon as you rent a safe deposit box.
2. The policy is placed by qualified insurance brokers with a knowledge of the industry and a wide market reach. For more detail, please refer to the two page evidence of insurance document (from 1st July 2016 until 30th June 2018) provided by our insurance brokers NIS Limited and our terms and conditions.
3. Insurance cover of US$10,000 is included with each safe deposit box and can be increased to up to US$500,000 instantly. The minimum term for any increase in insurance cover is 12 months please see our Additional Charges for a further details.
4. No excess applies (excess is a contribution paid by the insured in the event of a claim).
Please Contact Us for full insurance terms and conditions.