Under Lesses of Safe Deposit Boxes coverage, which items are included?

• A. Theft, disappearance, or destruction of securities; and burglary or robbery of property other than money or securities
• B. Loss due to theft of cash
• C. Damage to the safe deposit box
• D. Liability for depositors

Answer: (A)

The key idea is understanding what Safe Deposit Boxes coverage insures. This endorsement covers losses to the contents inside a safe deposit box, not the box itself, and it specifies which types of losses are paid.

The correct wording covers two scenarios: first, theft, disappearance, or destruction of securities; and second, burglary or robbery of property that is not money or securities. In other words, it protects securities and other non-monetary, non-security items that are inside the box if they’re stolen or damaged, including burglaries of those other items. Money (cash) inside a safe deposit box is not covered, and damage to the box itself or liability for depositors isn’t part of this coverage.

So, this option best matches the intended scope: losses involving securities or other non-cash, non-securities contents in the safe deposit box due to theft, disappearance, destruction, burglary, or robbery.