The Palmetto Bank Introduces New Innovative Insurance Product

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Signs Deal with SDBIC to Offer Insured Safe Deposit Boxes to Customers

Safe Deposit Box Insurance Coverage, LLC (SDBIC) announced today that it reached agreement with The Palmetto Bank, the second largest banking institution headquartered in South Carolina, to begin offering its clients the opportunity to insure property placed in the Bank’s safe deposit boxes. Until now, this type of insurance was not available to protect box contents against unforeseen catastrophes that no vault or box can protect against.

Safe Deposit Box Insurance covers virtually all man-made and natural disasters and protects all property stored in the box, including previously uninsurable items like gold and gemstones. This unique insurance also includes up to $3,000 of benefits to help replace important papers such as titles, deeds, wills and trust or even cherished photos.

Customers insuring family heirlooms, valuables or collectibles stored in their homes, can now place those items in the bank’s secure vault and have the best protection available today, for a fraction of the cost.

A safe deposit box is recommended by law enforcement officials as the preferred choice over a home safe and by safety experts as part of most disaster plans. “The frequency and severity of weather events are expected to continue increasing, this innovative feature provides The Palmetto Bank’s clients a safe-haven, where their most valued possessions have the highest level of protection and are fully insured,” stated Jerry Pluard, President of SDBIC.

The Palmetto Bank serves the Upstate of South Carolina through 25 branches in nine counties. Through its Retail, Commercial and Wealth Management lines of business, the Bank specializes in providing financial solutions to consumers and small to mid-sized businesses with deposit and cash management products, loans, including consumer, mortgage, credit card, automobile, Small Business Administration, commercial and corporate lines of credit , trusts, brokerage, private banking, financial planning and insurance.

SDBIC’s patented product provides the most comprehensive, convenient insurance solution for box holders at an affordable rate with no deductible. Over 350 facilities nationwide currently provide an insured box option to their customers using SDBIC.

For more information visit or call 224-227-6181.

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Jerry Pluard
+1 (224) 227-6181
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