Safe deposit box insurance—Is it worth it?
I looked into insuring my coins that are in my bank SDB. Hugh Wood insurance would cost me about $300 per hundred thousand in coin valuation. I’m not worried so much about theft but more concerned about banks negligence and human error when there is a bank merger or branch closing. I’ve had to move my coins from a bank branch that was closed. The bank notified me by US Mail that I’d have to remove the contents of the box by a certain date and arrange to have a box at a different branch.
What if the notification went awry? I’m interested in your thoughts.