SDBIC and Metairie Bank Partnership Brings First Safe Deposit Box Insurance Solution to Louisiana.
Safe Deposit Box Insurance Coverage, LLC (SDBIC) announced today that it has entered into an agreement with Metairie Bank & Trust Company to insure the contents of their safe deposit boxes. SDBIC coverage is offered in partnership with AXA ART, a member of the global AXA Group, one of the largest insurance companies in the world.
Through this partnership, Metairie Bank is the first bank in Louisiana to offer its customers this type of coverage, which is the only insurance solution in the market that covers all legal property in a safe deposit box without compromising confidentiality or privacy.
Most important, it protects customers’ stored valuables against all natural disasters–including all forms of flooding as well as burglary, robbery and other man-made catastrophes.
“Our goal is to consistently bring the most essential and valuable services to our customers, and deliver them in a community bank atmosphere,” said Ron Samford, Metairie Bank President and Chief Executive Officer. “By partnering with SDBIC we are able to offer our customers the industry’s most convenient and affordable way to protect their most valued possessions.”
Safe deposit boxes are the best option for storing valuables and universally recommended by federal, state and local law enforcement organizations, as well as disaster preparedness and relief agencies. Given the increased frequency and severity of natural disasters and other catastrophes, which no vault or box can protect against, it is widely recommended that box holders maintain some level of insurance coverage.
From product to purchase process, SDBIC’s patented insurance solution is unlike anything available in the market today.
- No disclosures or appraisals of box contents, and no deductibles;
- Box holder selects the desired amount of coverage, starting as low as $25 a year for $5,000 coverage;
- Property added to the box is automatically covered up to existing limits; and
- The only insurance in the country that also covers important documents, such as wills titles and deeds, as well as photos and electronic backup devices.
“Our patented solution is far more comprehensive and less expensive than a homeowners’ insurance policy, even covering flood-related events, such as hurricanes and all other natural disasters,” said Jerry Pluard, SDBIC President. “We are thrilled to be working with such a long-standing, respected institution as Metairie Bank, and look forward to providing their local customers with ‘peace of mind’ knowing their most treasured possessions are protected in the absolute best possible way.”
Founded in 1947, Metairie Bank & Trust Company was the first banking institution on the East Bank of Jefferson Parish, and today proudly operates seven offices throughout the New Orleans metropolitan area. The bank is a member of the Louisiana Banker’s Association and the Independent Community Bankers of America.
To learn more, or sign-up for coverage, please visit http://www.insuremybox.com/metairie.
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Safe Deposit Box Insurance Coverage, LLC (SDBIC) was founded around one simple concept–to help consumers protect their most valued possessions. We are an advocate for the use of safe storage in financial institutions and the leading provider of insurance solutions for consumers’ valuables. Our patented insurance solution protects possessions stored inside safe deposit boxes, without compromising on confidentiality or privacy. SDBIC partnered with AXA Art Americas Corporation to offer this unique new insurance solution. AXA ART products are underwritten by AXA Insurance Company, which maintains an “A (Excellent)” Financial Strength Rating and an “a+” Issuer Credit Rating from A.M. Best. To learn more and/or sign up for coverage please visit http://www.insuremybox.com or call toll free at (844) 426-9467.
Press Release: http://www.prweb.com/releases/2016/01/prweb13188721.htm