Safe Deposit Boxes Under Water?

We've heard horror stories from some of our subscribers where the financial institution was flooded, either by river water, damaged plumbing, sewer system back-up, hurricanes, sprinkler systems problems, or other disasters, and along with damage to the structure and the vault, included the flooding of the safe deposit boxes.

Dave McGuinn, a frequent contributor of articles to the BANKERS' HOTLINE, and president of Safe Deposit Specialists in Houston, Texas, has written a Disaster Recovery "Vault Flooding" manual you may find to be of inestimable value if your institution is one of the unlucky ones.

Forty-five (65) pages long, this manual covers handling box content removal, knowing when to permit vault access, answering insurance questions, how to "dry out" contents, writing boxholder notification letters, and much more.

Call David if you're interested. (713) 937-9929 The manual sells for $249 plus shipping and handling.

Copyright © 1997 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 7, No. 6, 5/97