Safe deposit boxes stored in a private vault have many benefits over using banks or storing valuables in your own home.
| Benefit | Private Vault | Bank | Home |
|---|---|---|---|
| Natural disaster protection | |||
| Security from theft | |||
| Climate control | |||
| Home insurance reduction | |||
| Private Viewing Rooms* | * | ||
| Custom sized boxes | |||
| 100% Anonymity | |||
| Cour Order / Subpoena Protection | ** | ||
| 24/7 Emergency Access |
* Some banks have private viewing rooms.
** Vermo Vault & Safe Deposit Deposit Services.. must comply with court orders or subpoena if account is in same name as stated on document.
Did you know that rental fees for your safe deposit box can be tax deductible1? Did you know that you also may be eligible for a discount on your homeowners or renters insurance premiums by storing your valuables with us2?
Here's a typical breakdown:
| Description | Amount | Net |
|---|---|---|
| Personal Property Value | $50,000 | |
| Typical annual Insurance Premium ($20 per $1000 value) | $1,000 | |
| Premium if property is stored at International Vault & Safe Deposit ($12 discount per $1000 value) | $400 | |
| Net Saving in Insurance | $600 | |
| Annual Safe Deposit Box Rental Fee for a 5x10 box | $360 | |
| Tax Deduction (assuming 35% bracket) | $126 | |
| Net Box Cost | $234 | |
| Net Gain to You | $366 |
Don't risk loss of or damage to your jewelry, gold or gold coins, collectibles, personal records, financial documents, or other precious items! We can meet your secured safekeeping needs, whatever they may be.
1Please consult your tax advisor.
2Please consult your insurance provider.
Copyright 2024 Vermo Vault & Safe Deposit Services.
