Safe Luxury

do bank vaults have insurance?

Public Comments

1. Banks themselves have the insurance, not the vault.
2. yes
3. They don't just cover the vault. Banks purchase what is called a Bankers Blanket Bond. The insurance will pay for losses due to the dishonesty of employees as well as losses caused by people other than employees due to burglary, robbery, larceny, theft, forgery, money lost in transit and mysterious disappearance.