Safe Ratings

So what constitutes a good safe?

Safes are rated using a cash rating so you will find that a safe might be rated at £1,000 or £2,000 going up through the levels £10,000, £50,000, £100,000 and even more in particular circumstances.

What that basically means is that most insurance companies will accept that a safe is acceptable to keep the amount of cash of its cash rating, or ten times the amount of its cash rating in valuables.

For instance take a £2,000 rated safe, that’s reasonable precautions to keep £2,000 pounds of cash or £20,000 worth of valuables. To take it to an extreme would you suggest that keeping £100,000 in a little tin box rated at £1,000 is a good idea? I think most people would say probably not.

It’s also worth pointing out that you must make sure that your safe is bolted down to either the floor or to the wall, there’s no point whatsoever having a safe which a burglar can just pick up and walk off with. They can then break into it at the leisure, and you have lost the contents, and to add insult to injury, it is likely that it will also invalidate your insurance.