Kearny Federal Savings Bank Signs Deal with SDBIC to Offer Insured Safe Deposit Boxes

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Kearny bank offers customers the ability to rent an insured safe deposit box through SDBIC.

Knowing that box contents are insured for specified coverage amounts protects our customers, and provides them with an alternative to storing valuable items in their home, perhaps not insured and vulnerable to a catastrophe.

Kearny Federal Savings Bank and its division, Central Jersey Bank, have entered into an agreement with Safe Deposit Box Insurance Company (SDBIC), which can provide customers with safe deposit box insurance. This easily obtained add-on product insures all property stored in a safe deposit box for the coverage amounts selected, without disclosure of the contents or need for expensive appraisals, preserving the box holder’s confidentiality and privacy.

“With the number and intensity of natural disasters on the rise, our customers may now elect to insure their valuable personal property inside a safe deposit box at a practical low cost. Knowing that box contents are insured for specified coverage amounts protects our customers, and provides them with an alternative to storing valuable items in their home, perhaps not insured and vulnerable to a catastrophe. Providing an insured box option is consistent with our core mission of growing and protecting our customer’s assets,” said Erika Sacher-Parisi, SVP and Branch Administrator at Kearny Federal. Insured safe deposit boxes are available as of August 1st, 2013 at all Kearny and CJB Division branches where boxes are offered.

Insuring against floods, fires, terrorist attacks, burglaries, robberies, and virtually all other man-made and natural disasters; covering all property in the box including precious metals, cash, gem stones, diamonds, and even personal documents, SDBIC’s patented product offers the most comprehensive, convenient insurance solution at an affordable rate with no deductible. Over 220 banks nationwide currently provide an insured box option to their customers using SDBIC.

Kearny Federal Savings Bank, a federally chartered stock savings bank has assets of $3 billion and operates 41 full service banking offices in Bergen, Hudson, Morris, Passaic, Middlesex, Essex, Union, Monmouth and Ocean counties.

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Jerry Pluard
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