Fireproof Safe: What You Should and Shouldn't Keep
After getting a safe, you might think it’s best to store and secure all valuables inside it. Well, I’m here to tell you that there are other valuables that need to be kept in a much more guarded place than in a fireproof safe. You may be wondering where, well, it’s in a safe-deposit box at a bank.
To help you decide on which valuables to keep in your own safe and in the bank, here’s what the experts have to say.
What you need to store in a fireproof safe
There are mainly two categories of valuables that you should keep in your own fireproof safe: documents you need quickly and those valuable that could burn.
First, make sure you put the documents you mostly use and can be accessed right away. The Identity Theft Resource Center suggests that it is best to store the documents you usually need in a home safe. This is to prevent you having a hard time settling with business trips, legal matters, and most importantly, emergency medical crisis.
So, you might ask, “what kind of documents are they specifically?”. These include items such as Social Security Cards, insurance documents, and a “power of attorney” if you have one.
In addition, the American Academy of State Planning Attorneys recommends that documents such as original will or trust be kept in your own safe at home. However, make sure that you have shared the combination for the safe to the executor of the will. Why have they recommended this? Because after you die, if you have your will in a safe deposit box at a bank, the bank can legally “seal” the box which means no one can open it not unless a court appoints its own executor.
The second category is for your valuables that are at risk of getting burned. When getting a safe, ensure that they are fire-resistant – you can do this by checking a fire rating on the product’s label. Generally, fire safes have an Underwriter Laboratories or UL certification, which aims to make safer products for consumers.
If it indicates that the safe’s internal temperature can rise no more than 350 degrees F, it’s good for storing paper items. And if it’s at 150 degrees F, it can be used for photographic film and magnetic tape. Then, at 125 degrees F, it’s best for computer storage media.
In addition on what to keep inside a fire safe, Joe Cortie, president of the Safe and Vault Technicians Association stated that you can also store memorable photos and small bucks of cash for emergencies in a fireproof safe.
Not sure which fireproof safe to get? Check out our Ultimate Guide: 10 Best Fireproof Safes.