gold bars

Why knowing what’s in your vault is key

One of the reasons for storing your valuables with Guardian Vaults is undoubtedly the peace of mind. Not having to worry about the safety of your most treasured belongings is incredibly reassuring, but putting them out of your mind entirely is not advised. Periodically revisiting what exactly you have in your vault or safety deposit box can prove financially beneficial both immediately and in the long run.

The main reason you store things in a vault is because they are valuable. But as you know, the value of things can change over time. This applies to everything from bullion bars and numismatic coins to rare books and art pieces. Revisiting the contents of your vault on a regular basis, will prompt you to reassess the value of your belongings to ensure you have an accurate and current appraisal.

One of the main reasons to be fully on top of the value of your belongings is for insurance coverage. If the value of your items drops without your knowledge, you could be paying an unnecessary insurance premium. On the flipside, if you have insured something for less than its current value, you could find yourself undercompensated should anything go wrong. The easiest way to avoid any of these troubles is to monitor value carefully and use a company with flexible and competitive insurance rates, like us.

Of course, value isn’t just measured by market demand. Many of our clients store items with us because they are valuable to them for sentimental reasons – a family heirloom, some precious memories or perhaps your grandfather’s love letters from World War One. Reminding yourself of these items is important too. After all, you put them into a protected vault for a reason.

So whether it’s a pile of gold or a pile of precious photographs, we encourage all of our clients to revisit and reassess the contents of their vault regularly – the benefits are certainly worth the effort.

Disclaimers: Guardian Vaults Holdings Pty Ltd, Registered Office, Scottish House, 100 William Street, Melbourne, Victoria, 3000. ACN 138618176 (“Guardian Vaults”) All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from the publisher and/or the author. Information contained herein is believed to be reliable, but its accuracy cannot be guaranteed. It is not designed to meet your personal situation. Guardian Vaults, its officers, agents, representatives and employees do not hold an Australian Financial Services License (AFSL), are not an authorised representative of an AFSL and otherwise are not qualified to provide you with advice of any kind in relation to financial products. If you require advice about a financial product, you should contact a properly licensed or authorised financial advisor. The information is indicative and general in nature only and is prepared for information purposes only and does not purport to contain all matters relevant to any particular investment. Subject to any terms implied by law and which cannot be excluded, Guardian Vaults, shall not be liable for any errors, omissions, defects or misrepresentations (including by reasons of negligence, negligent misstatement or otherwise) or for any loss or damage (direct or indirect) suffered by persons who use or rely on such information. The opinions expressed herein are those of the publisher and/or the author and may not be representative of the opinions of Guardian Vaults, its officers, agents, representatives and employees. Such information does not take into account the particular circumstances, investment objectives and needs for investment of any person, or purport to be comprehensive or constitute investment or financial product advice and should not be relied upon as such. Past performance is not indicative of future results. Due to various factors, including changing market conditions and/or laws the content may no longer be reflective of current opinions or positions. You should seek professional advice before you decide to invest or consider any action based on the information provided. If you do not agree with any of the above disclaimers, you should immediately cease viewing or making use of any of the information provided.