What is covered under Lesses of Safe Deposit Boxes coverage?

• A. Theft, disappearance, or destruction of securities; and burglary or robbery of property other than money or securities, all from within designated safe depository
• B. Fire damage to the insured's warehouse
• C. Liability for customer injuries
• D. Water damage to premises

Answer: (A)

Losses of Safe Deposit Boxes coverage is a specialized property protection for items kept in a designated safe depository. It covers two scenarios that occur inside the safe deposit area: first, theft, disappearance, or destruction of securities stored in the box; and second, burglary or robbery of property in the box that is not money or securities. In short, items within the safe deposit box are protected against those specific losses while inside the designated safe depository. It does not extend to fire damage to a warehouse, liability for customer injuries, or water damage to the premises, which are covered by other parts of a policy.