SDBIC’s content protection coverage is now available in the states of Florida, Massachusetts and Louisiana. This easily obtained product insures all property stored in a safe deposit box for the coverage amounts selected, without disclosure of the contents or need for expensive appraisals, preserving the box holder’s confidentiality and privacy.
"With the number and intensity of natural disasters on the rise, our customers may now elect to insure their valuable personal property inside a safe deposit box at a practical low cost. Knowing that their box contents are insured for specified coverage amounts protects our customers, and provides them with an alternative to storing valuable items in their home, where they are more vulnerable to a catastrophe and perhaps not insured. Providing an insured box option is consistent with our core mission of growing and protecting our customer’s assets," said Erika Sacher-Parisi, SVP and Branch Administrator at Kearny Federal Savings Bank.
Insuring against floods, fires, terrorist attacks, burglaries, robberies, and virtually all other man-made and natural disasters; covering all property in the box including precious metals, cash, gem stones, diamonds, and even personal documents, SDBIC’s patented product offers the most comprehensive, convenient insurance solution, at an affordable rate with no deductible or appraisal.
For financial institutions, providing this add on coverage option educates and informs customers about an issue where there is overwhelming consumer confusion, in a positive manner consistent with the mandates of the CFPB.