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Which is Better…. A Home Safe or a safety deposit box?

If you have valuables or irreplaceable items you need to keep safe and secure, what is the best option for you? Whether it’s cash, jewellery, gold bullion or just important paperwork you need to keep safe, there are a number of things you should consider when deciding between a home safe or a safety deposit box.

 

1. A safety deposit box is better value. A small, mid-range home safe will cost approx. £1,000-£1,500 (before fitting costs) – whereas a safety deposit box starts at only £150 per year – giving you over 5 years total safety and security, with 7 day access for less than the cost of the home safe.

2. A safety deposit box will offer better protection from fire. The aforementioned home safe would have a fire rating of Grade 1, this will only offer protection from fire for 30 minutes whereas the safety deposit box in this instance is in a Grade 8 vault, offering a hugely increased fire and security rating.

3. A safety deposit box offers much more protection from thieves. People believe they can ‘hide’ their home safe from thieves and burglars. The latest research and expertise from the police proves this is rarely the case.  Burglars are now breaking into homes complete with handheld metal detectors (easily available to buy online) – they can then ‘sweep’ the entire property in 5-10mins and will almost always find the ‘hidden’ safe. Thieves will then cause major destruction to property in removing these home safes.  It is also worth bearing in mind that if they cannot remove the safe, they may then wait until such time as the homeowner or family is actually in the home, to return and under use or threat of violence make the homeowner comply with their demands to open the safe.

4. Home Safes are notoriously easy to ‘crack’ open. All one has to do is watch an episode of ‘Storage Wars’ on TV, or many other similar TV shows, to see just how easy it is to open a home safe. Alternatively, a quick google search of ‘how to crack a home safe’ returns findings of over 7 million results! (a lot with videos). safety deposit boxes however, are housed within a secure vault, which is practically impossible to open.

 5. You can save money on home insurance with the use of a safety deposit box. If you have a home safe, your valuables will still be included in your home insurance – which means you will still be paying for their cover – especially if they are ‘specified items’. When you rent a safety deposit box you can remove these ‘specified items’ from your home insurance policy therefore lowering your premium.

While there are many more advantages to having a safety deposit box over a home safe, it is worth pointing out that any additional security measures you take with your valuables at home will normally be justified.  For more information on renting your own private safety deposit box contact: www.oklahomavaults.com or call: 0141 343 1305.

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Nicola Sturgeon MSP Officially Opens Glasgow Vaults

Nicola Sturgeon MSP has officially opened Scotland’s first independent safety deposit box service in Glasgow.

Based in the city’s southside, Glasgow Vaults has been introduced in response to the major banks withdrawing the service that safeguards people’s valuable possessions.

The venture is being led by David Walsh and Seamus Fahy, who have invested in the region of £1m equipping the vault with the latest state-of-the-art surveillance technology, including seismic shock sensors, 24/7 monitoring and biometric identification technology.

Employing five staff, the Glasgow facility is part of a strategy to expand the model across the UK and Ireland, following the successful launch of its first site in Dublin in 2013. The business is expected to grow its staff numbers in Glasgow to 15 by the middle of 2017.

Speaking at the officially opening today, Friday 19th, Nicola Sturgeon, the MSP for Glasgow Southside, said: “………………..”

 

Seamus thanked the MSP for her attendance, as he revealed that Glasgow Vaults is already growing a strong customer base with both homeowners and the local business community.

He said: “Firstly I would like to thank Nicola Sturgeon MSP for her attendance and support as we launch a new service in Scotland, it is very much appreciated.

“We launched in Dublin three years ago, very much in response to demand from people who had either lost confidence in the banking system or were looking to keep possessions safe amidst rising crime figures.

 

“The business has delivered consistent growth and we have been exploring opportunities to grow our footprint across other UK regions.

“After considerable due diligence we identified Scotland as a key growth region, mainly due to the fact that the banks no longer offer the service and there are no other providers in the market place.

“We have already witnessed a strong demand for our service with homeowners and the business community, and our client footprint stretches as far as Aberdeen, where oil & gas workers are keen to keep their valuables safe when working offshore.”

Typical items stored in a safety deposit box include cash, jewellery, family heirlooms, gold bullion, Title Deeds for a property, memory devices, watch collections and passports.

With latest Police Scotland figures showing that there were 20,607 reported housebreakings in Scotland in 2014/15, Seamus expects demand for the service to grow.

 

To meet this demand, Glasgow Vaults has in the region of 10,000 boxes, which come in ten different sizes and start from £150 a year. Client have unlimited access seven days per week and there is no appointment necessary.

Seamus added: “While crime overall is falling, figures show that housebreakings remain high and thieves are certainly becoming more and more sophisticated in their efforts to target properties – making it vital for individuals and business owners to safeguard their valuables and money.

“Complete peace of mind can only be given through the use of a safety deposit box, which is why an increasing number of people across Scotland are turning to us to provide a convenient and affordable way to protect valuable possessions.

“We have built in capacity to meet this increasing demand and will grow our staff numbers to ensure we provide a comprehensive and personal service to our customers.”

The vault is open 362 days a year, and was designed in partnership with security consultants working on behalf of insurer Lloyd’s of London.

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MERRION VAULTS ANNOUNCE NEW BRAND AMBASSADOR

Merrion Vaults – Ireland’s No. 1 safety deposit box facility – are delighted to announce Rugby pundit and TV presenter Brent Pope as their Brand Ambassador.

Brent, who features in Merrion Vaults latest advertising campaign, both in Print and on Radio, was “the perfect choice for the Brand” says Nigel Doolin – Communications Director for Merrion Vaults.

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