Prevent Unauthorised Access to Premises
The key benefits of safety deposit boxes are the high level of safety, security, and privacy they provide for your valuable assets.
This is why at many private vault premises, several layers of protection are put in place to ensure that items such as irreplaceable documents, rare collections, precious metals, and family heirlooms are safe from thieves or from the prying eyes of the government. However, there are instances when security breaches happen. Today, we will talk about how to prevent unauthorised access to premises.
Examples of Unauthorised Access to Safe Deposit Boxes
When you look over the news, there are many different cases of unauthorised access to safe deposit boxes, particularly those in bank vaults.
In Ottawa, an elderly woman found herself in a pinch when the contents of her safety deposit box including a precious ring gifted to her by her husband, her Dutch birth certificate, some currency, and other important documents along with the box disappeared without a trace from her bank.
In Lehigh Valley, the contents of a safe deposit box were taken during an “unwanted entry”, while in Orlando, $100,000 worth of rare, collectible gold coins, family heirlooms, jewellery, and cash went missing without a trace at her local bank.
Meanwhile, in Johannesburg, more than 200 SDBs were forcibly taken from a bank which resulted in a class action lawsuit from their affected clients.
How to Prevent Unauthorised Access to Your SDB
Preventing unauthorised access to your SDB need not be a complicated matter. The first way you can prevent unauthorised access to your SDB is to choose the right service provider. Choosing an independent service provider instead of a bank is a good start. While there are security measures in place at banks, they aren’t always safe from heists or from identity thieves. What’s more, since banks are regulated by the government, they are not safe from instances of unwarranted searches.
The second way is to choose the right person to share access to the box. Many private vault storage providers allow shared access. However, you have to make sure that this person is somebody you trust. This could be your spouse, an offspring, or a business partner. You must also ensure that they have the proper documentation proving that you’ve authorised them to access your SDB on your behalf.
Finally, the third way is to keep your SDB key safe at all times. Usually, you will be issued two keys when you rent a SDB. The first one, you can keep on a keyring or key case you usually use. You may choose to hide your second key in a concealed storage device, in your home office, or in a key vault. Wherever you decide to hide your key, make sure you can easily access it. In the case of a lost or stolen key, report it immediately to your safe deposit service provider. Even if your lost key is found by another individual, no one other than the approved key holder can gain access to your SDB.
The Best Money Can Buy
My background involves the ownership of many businesses including owning and running multiple Chiropractic offices but mainly focused in Nerang on the Gold Coast for 30 Years.
I have a passion for accumulating and holding Bullion and have done so for many years. My extensive Business skills and Bullion knowledge makes it easy to assist others buying, selling and storing their Bullion.
Peter and Cassie work together to assist anyone from the experienced Bullion Investors to the complete novice. They are here to answer any questions to help you.