“By partnering with SDBIC we create an enhanced level of awareness on the important topic of safe storage." Clay Dean, CEO, First Mid Insurance Group.
Chicago, IL (PRWEB) May 02, 2016
Safe Deposit Box Insurance Coverage, LLC (SDBIC) announced today that it has entered into agreement with First Mid Insurance Group to offer its customers the only insurance solution in the market today that covers all legal property in a safe deposit box without having to disclose the contents stored inside. Customers’ stored valuables are protected against all natural disasters—including flood, fire, tornado & earthquake—as well as burglary, robbery and other man-made catastrophes.
First Mid Insurance Group is an independent insurance company that’s been serving the Central Illinois community since 1913. First Mid-Illinois Bank & Trust was first chartered in 1865 and has since grown into a more than $2 billion organization with a network of 46 banking centers in 33 communities. They are both owned by parent company First Mid-Illinois Bancshares, Inc. (NASDAQ: FMBH).
Through this partnership, First Mid Insurance Group becomes the first bank-owned insurance services provider in Illinois to provide safe deposit box holders with the opportunity to purchase this type of insurance coverage.
“We continually strive to offer both our bank and insurance customer segments the most innovative, value-added products and services found in market today,” said Clay Dean, CEO, First Mid Insurance Group, “By partnering with SDBIC we create an enhanced level of awareness on the important topic of safe storage, and also bring forth the most convenient and affordable solution designed specifically to protect their most valued possessions.”
Safe deposit boxes are universally recommended by federal, state and local law enforcement organizations, as well as disaster preparedness and relief agencies, as the best option for storing valuables. Given the increased frequency and severity of natural disasters and other catastrophes—which no bank vault or safe deposit box can protect against—it is widely recommended that box holders maintain some level of insurance coverage.
From product to purchase process, SDBIC’s patented insurance solution is unlike anything available in the market today.
- Simple & Private: No disclosures of box contents. No appraisals. No deductibles. Sign-up takes 5 min.
- Covers More: If it’s legal SDBIC insures it—even cash, gold, and personal and financial documents are now covered. Property added to the box is automatically covered up to existing limits.
- Protects More: All natural disasters—even flood, fire, tornado & earthquake—plus burglary, robbery and more.
- Costs Less: Costs a fraction of the closest competitive insurance option. The customer chooses the coverage amount, starting as low as $25 a year for $5,000 coverage.
“SDBIC’s solution is the most comprehensive and cost-efficient coverage available, and it respects the hallmark trait of the safe deposit box itself—privacy,” said Jerry Pluard, President, SDBIC, “We are thrilled to partner with such a long-standing, respected institution as First Mid Insurance Group and proudly look forward to providing its customers with absolute protection and ‘peace of mind’ for many years to come.”
SDBIC coverage is offered in partnership with AXA ART, a member of the global AXA Group, one of the largest insurance companies in the world.
To learn more, or sign-up for coverage, please visit http://www.insuremybox.com/firstmid.
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Safe Deposit Box Insurance Coverage, LLC (SDBIC) is an advocate for the use of safe storage in financial institutions and the leading provider of insurance solutions for consumers’ valuables. SDBIC’s patented insurance protects possessions stored inside safe deposit boxes without compromising on confidentiality or privacy. SDBIC partnered with AXA Art Americas Corporation to offer this insurance. AXA ART products are underwritten by AXA Insurance Company, which maintains an “A (Excellent)” Financial Strength Rating and an “a+” Issuer Credit Rating from A.M. Best. To learn more or sign up for coverage please visit http://www.insuremybox.com or call toll-free at 844-426-9467.
First Mid-Illinois Bancshares, Inc. is the parent company of First Mid-Illinois Bank & Trust, N.A.; Mid-Illinois Data Services, Inc.; and First Mid Insurance Group. The bank was first chartered in 1865 and has since grown into a more than $2 billion community-focused organization that provides financial services through a network of 46 banking centers in 33 Illinois communities. Our talented team is comprised of over 500 men and women who take great pride in First Mid Bank and the Company, their work and their ability to serve our customers. Our stock is traded in the NASDAQ under the symbol "FMBH".