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<p>[QUOTE=&quot;Blaubart, post: 2036321, member: 37498&quot;]This point was already answered, but just for clarity, of course the contents of a SDB are not covered by the FDIC.&nbsp; If you want them to be covered, you must do so through a private insurance company.&nbsp; Most people who do so, include the contents of their SDB on their home owner&#039;s insurance.</p><p><br /></p><p><br /></p><p>Also already addressed, but assuming you are obeying the law, anyone who has the authority to seize your property from a safe deposit box, can also seize property kept in your own safe as well.</p><p><br /></p><p><br /></p><p>I&#039;ve heard this sort of rumor before, but I have yet to see any credible source to support it.&nbsp; The rumor is that any property placed in a safe deposit box technically becomes property of the bank.&nbsp; I don&#039;t see any such wording in the rental contract that I have with my bank, and I can&#039;t find any credible support online.&nbsp; What I can find are several legal articles that deal with property rights issues with safe deposit boxes and all of them point to the continued ownership of the contents by the lessee of the safe deposit box.</p><p><br /></p><p><a href="http://www.smf-law.com/news/legal-briefs/who-owns-contents-of-a-joint-safe-deposit-box-after-death/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.smf-law.com/news/legal-briefs/who-owns-contents-of-a-joint-safe-deposit-box-after-death/" rel="nofollow">http://www.smf-law.com/news/legal-briefs/who-owns-contents-of-a-joint-safe-deposit-box-after-death/</a></p><p><br /></p><p><br /></p><p><a href="http://www.bankingquestions.com/safedepositboxes/q_ownaccess.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bankingquestions.com/safedepositboxes/q_ownaccess.html" rel="nofollow">http://www.bankingquestions.com/safedepositboxes/q_ownaccess.html</a></p><p><br /></p><p><br /></p><p><a href="http://www.pasquesi.net/safedepositbox.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.pasquesi.net/safedepositbox.pdf" rel="nofollow">http://www.pasquesi.net/safedepositbox.pdf</a></p><p><br /></p><p><br /></p><p>If the bank did indeed own the contents of a safe deposit box, that would certainly simplify procedures for boxes that have a past due balance or abandoned boxes.&nbsp; As it is, there are strict notification and custody procedures for such circumstances and in most states, the property in question must be forwarded to the state as abandoned property and banks are only eligible to recover the past due storage expenses if the property is eventually sold.[/QUOTE]</p><p><br /></p>

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