Lessees of Safe Deposit Boxes

Coverage form I insures securities for theft, and property other than money and securities for burglary and robbery. Coverage is designed for the insured who must keep large amounts of such property in a leased safe deposit box within a bank.

Section 1 insures securities for "theft", "disappearance", or "destruction" while inside the insured’s safe deposit box in a vault in a "depository premises", or while inside a depository premises during the course of deposit or removal from the safe deposit box.

Section 2 covers property other than money and securities in such locations, but only against actual or attempted "burglary" or "robbery" and vandalism.