Banks don't insure their safe deposit boxes, and neither does the FDIC. But every safe deposit box and secure storage unit at Farouk Ahmed Storage & Security includes $5,000 of all-risk insurance at no cost to you, which you can easily increase to $1 million or more. Farouk Ahmed Storage & Security is the first safe deposit storage provider in the Eastern US to provide each customer a policy in their name covering legal property stored in their box against all natural disasters—including all forms of fire and flooding, as well as burglary, robbery, terrorist attacks and other man-made catastrophes.
It's simple. There are no forms to fill out when you opt for increased coverage. And it's confidential. Special features of this coverage include no requirements for upfront disclosures, appraisals or declarations of your property to obtain or increase coverage; nor are deductibles paid upon any loss. Coverage extends to also protect property with no intrinsic market value, including important papers and documents such as wills, titles, deeds, trusts, passports, digital backups and photos.
You can select the precise amount of insurance coverage desired for your contents, and will have a policy issued directly in your name, which can be actively managed to address any changes in the property being stored. Confidentiality and privacy are preserved as disclosure of the contents of the box is not required to be insured.
Our SDBIC-Secure Plus contents insurance program is underwritten by AXA Art, an expert in insuring high value items in storage facilities and a member of the AXA Insurance group, one of the largest insurance entities in the world. Our company is also the first private vault and storage facility in the Eastern US to earn accredited status under the SDBIC SecurePlus program. To become accredited, our company underwent a rigorous independent assessment of its physical design and operations, involving analysis and inquiries in over 200 different areas ranging from vault design and construction, physical and electronic security, access technology and controls, fire detection and suppression, institutional policy and procedures, and management oversight with the goal of providing world class protection.
At Farouk Ahmed Storage & Security , your valuables are insured against natural and man-made disasters that include:
At Farouk Ahmed Storage & Security your deductible is zero. No disclosure of your valuables is necessary. Covered items include:
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