Safety deposit boxes as
protection against holiday theft
If you’re one of the many people who get caught up in the holiday rush, then you might want to consider safety deposit boxes as protection against holiday theft.
The holidays are often a time for celebration and reverie with your loved ones. However, the hustle and bustle of the season can also mean danger for your valuable possessions.
Holiday Crime in Australia
According to the New South Wales Bureau of Crime Statistics and Research, Christmas Eve and New Year are the peak time for property offences including home burglaries and break ins.
The bureau analysed police records and revealed that up to 763 property offences were committee on Christmas Eve whereas the daily average during regular time is 629. Moreover, these crimes are commonly committed between 9:00 in the morning and 6:00 in the evening.
Meanwhile in Western Australia, police statistics have shown in that jewellery is the number one item taken from unprotected homes followed by bicycles.
This means that in the time of festivities, you’ll have to take extra precaution if you were to keep you and your valuables safe from thieves and burglars.
Why Bank Runs Happen?
There are many causes of bank runs but ultimately, it begins with a fear of loss. When people fear that they’ll lose their money in the bank due to economic turmoil, their natural reaction is to secure their hard-earned savings and withdraw their deposits.
Another culprit for bank runs is fractional reserve banking. Under this system, banks store 10 percent or less only of their depositor’s money in their vaults under the presumption that not all depositors would want to withdraw their funds at the same time. The remaining 90 percent of deposits are lent to borrowers or are used to invest in financial markets. During a bank run, banks may not have enough money to cover all withdrawals which leads to trouble down the road.
Bank runs can be self-fulfilling in nature. Banks become unstable when all its depositors pull out funds at the same time but even more so when it is forced to generate cash by selling its investments at an inconvenient time like a financial crisis. The likelihood of insolvency increases and greater panic ensues.
How to Keep Safe During the Holidays
Thieves strike when the opportunity arises. Therefore, it’s important to reduce their prospects by knowing how to keep your home, your family, and your property safe always.
Crime prevention measures such as installing burglar alarm systems, motion sensor lights, and installing good locks in your home is ideal. It is also advisable to keep an alert demeanor and be aware of your surroundings. Moreover, it is important to keep items such as cash, credit cards, and similar items that can be pilfered easily.
Renting a Safe Deposit Box for the Holidays
While the typical safety precautions are necessary, you’ll still want to take extra care particularly for your possessions that hold far more value than others including important documents, jewellery, and precious metals. For this this purpose, one of the safest places you can keep your valuable assets is in a private vault. This is particularly true if you plan to be away for weeks on end.
By renting a safe deposit box for the holidays, you can enjoy your vacation without having to worry about leaving your home with no one to watch it for you. These facilities are under constant surveillance and are subject to state-of-the-art security measures so any valuables you choose to store here are safe from thieves and the additional dangers of damage due to fire and/or flooding.
Private Vaults Australia for Your Holiday SDB Needs
If you’re looking for a secure storage option for your valuables, Private Vaults Australia is here to provide you with the peace of mind you need for the holidays. We provide SDBs with 24-hour surveillance located conveniently in North Brisbane, servicing surrounding areas and Sunshine Coast.
As the only private vaulted storage facility in North Brisbane, we can accommodate your needs with a safe deposit box secured with a Class 1 monitoring. Our entry procedures have been designed to maximise protection of your valuables and irreplaceable documents. The special designed and manufactured reinforced walls and ceilings of the vault and building are installed with heat, vibration and infrared sensors and the 24-hour CCTV allowing an all-round protection of your treasured items.
Our safety deposit boxes offer protection against holiday theft. Too know more about how we can help secure your possessions this Christmas, give us a call.
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