Insurance

Metropolitan Safe Deposits Limited (Knightsbridge and St John’s Wood customers) and Metropolitan Vaults Limited (Chiswick customers) carry comprehensive risk insurance, which means that we are able to pass along the benefits of being insured to our customers. Subject to pre-agreed amounts, Metropolitan will assume liability for loss or damage to items deposited in our safe deposit boxes.

Many of our clients have informed us that substantial savings on their insurance premiums have been achieved by storing items within our safe deposit boxes, as opposed to standard cover at home.

The Benefits of Comprehensive Risk Insurance

  • Cover takes effect as soon as you rent a safe deposit box.
  • The policy is placed by qualified insurance brokers with a knowledge of the industry and a wide market reach. For more detail, please refer to the two page evidence of insurance document (1st July 2020 until 30th June 2022) provided by our insurance brokers Marsh & McLennan and our terms and conditions. Marsh & McLennan are a global leader in insurance broking and risk management.
  • Insurance cover of £10,000 is included with each safe deposit box and can be increased to up to £500,000 instantly. The minimum term for any increase in insurance cover is 12 months. Please see our Additional Charges for a further details.
  • No excess applies (excess is a contribution paid by the insured in the event of a claim).
Additional insurance requiredAnnual cost
£10,000 £28.20
£75,000 £211.50
£250,000 £705.00

Insurance Calculator

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Please also refer to our FAQ’s here.

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Coronavirus (COVID-19) Statement

With effect from Monday 24th May 2021 the opening hours of our Knightsbridge office will be extended to 9.00am - 7.00pm Mondays to Fridays and 10.00am – 4.00pm Saturdays and Bank Holidays. Our Chiswick and St Johns Wood offices opening hours will also be extended to 8.30am - 7.00pm Mondays to Fridays and 10.00am - 4.00pm Saturdays and Bank Holidays.

 

We continue to take a measured approach with regard to COVID-19, whilst protecting the Health & Safety of our employees and customers.