Atlantic Parcel Air Insurance Policy
Should you require insurance to cover the contents of the safe deposit box, we will be pleased to arrange it, provided that the items are disclosed and a valuation certificate is provided. The insurance premiums will however be borne by the customer (It is recommended that your possessions be independently and adequately insured under your household cover with your own insurance broker).
When you apply to rent a safe deposit box you can appoint a nominee, who may be a spouse or attorney for example, who will have the same level of authority as yourself.
In the event of death, your assets, including the contents of your safe deposit box, will be frozen until an executor has been appointed by the Master of the High Court to attend to the winding up of your estate. Once your executor has the appropriate authority, he/she can access the vault once International Vaults has been provided with that authority. You are able to bequeath the contents of your safe deposit box to beneficiaries in your will.
When applying to rent a safe deposit box, you will be required to provide International Vaults with certain identifying documentation and information and will be required to sign a comprehensive lease agreement. Should you require insurance to cover the contents of the safe deposit box, we will be pleased to arrange it, provided that the items are disclosed and a valuation certificate is provided. The insurance premiums will however be borne by the customer.
We have met the stringent requirements of our insurance company to enable us to obtain insurance on behalf of our clients. Contents in bank safety deposit boxes are not insured. We provide complimentary insurance underwritten by certain underwriters to a limit of $800 for each safe deposit box.
We offer complimentary insurance to the value of $5,000 per safe deposit box and $20,000 complimentary insurance per safe deposit box with a Gold Card Membership. We have comprehensive insurance cover, which means that we are able to pass on the benefits of being insured to our customers.