Safe deposit boxes are increasingly less common in major banks, and one major reason has to do with the liability for what's stored inside them.

Safety deposit boxes offer enhanced security for valuables but aren't accessible outside bank hours. Items in safe deposit boxes are not FDIC insured; separate insurance is needed for coverage. Legal ...

Safe deposit boxes are considered storage space provided by the bank and do not fall under the insurance laws, according to the government agency. Banks offer safe deposit boxes as a service to ...

ATLANTA — Do you have a safety deposit box? Using them to protect your valuables may not be the best option, Channel 2 consumer adviser Clark Howard says. Howard says with bank mergers and closures, ...