Many folks believe that the safest place to store valuable items is in a bank safe deposit box. After all, banks have the best 24 hour security and alarm systems.
But the contents of a safe deposit box are rarely insured, while items in your home are typically covered by your homeowner's or renter's insurance policy.
Also, don't think your cash in a safe deposit box is covered by insurance. The only insures the deposits in accounts held in banks, but not the contents of their safe deposit boxes.