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Electrical Engineering/Security measures for Safe Deposit Locker Facilities.


Dear Prof Cleggsan

Safe Deposit Locker Facilities are provided to Banking customers to put their valuable belongings viz Jewelry, Cash etc by Private, Public Sector Banks. Banks charge their customers for the Lockers Facilities.

In a worst to worst scenario, How do the Banks do risk management in case if there happens Locker robbery, Scams etc so that the customers get back their valuables kept in the Lockers ?.

Do you feel a General Insurance Policy against the safe deposit Locker can help in this regard ?. Are these policies available ?.

i.e. Banks will provide this Facility to their Customers by issuing a General Insurance policy against the Locker to protect there valuables kept inside the Locker. Banks can also tie up with General Insurance cos who provide these facilities.

Awaiting your reply,

Thanks & Regards,
Prashant S Akerkar

This question is far outside of electrical engineering.  Your question is also far away from my areas of expertise.   So, I think you must rely on other experts for help on this one.

I did do an Internet search for the terms like "insurance for bank safe deposit box".  I did find many comments about the subject; some of which were very interesting and others that only obliquely fell into your question space.

Hope this helps.  

Electrical Engineering

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BSEE, MBA, Design, R&D, University Research.
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Broad teaching experience; work experience mostly in consumer electronics and conversion from analog to digital technologies. Pioneer in digital audio at all levels.

BSEE (Equiv) BYU BSEE University of North Dakota MSBA (MBA) Illinois State University Graduate Studies in Computer Science - Bradley University Graduate Studies - Ohio University Graduate Studies - University of Missouri Kansas City DeVry Tech - Electronics

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