Safe Deposit Box

The Safe Deposit Box Rider is comprised of two Insuring Agreements, which may be purchased separately or jointly. Insuring Agreement A - Liability of Depository covers losses the financial institution becomes legally obligated to pay for loss of customer’s property and includes defense costs. Insuring Agreement B - Loss of Customers’ Property covers the loss, damage or destruction of customers’ property by burglary or robbery; coverage may be purchased “with Money” or “without Money.” Coverage for both agreements extends to self-storage boxes outside of a vault at a higher deductible. There is no duty to defend. Alternatively, this coverage may be purchased on a “duty to defend” basis under the Combination Safe Depository Policy.