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To: LLCF who wrote (15627)	9/1/2000 3:55:29 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

A bank can decide to open your safe and take the contents. Your remedy is to sue them, well some one may go to jail but if the bank is caput then you are out and dry with a judgement in your favor...... in other words a piece of paper. Well this judgement will not buy you groceries or pay your telephone bills. Haim

To: LLCF who wrote (15627)	9/1/2000 3:59:09 PM
From: Ken98	Respond to of 436258

I remember a reported opinion where someone had the contents of their safety deposit box destroyed by fire or some sort of casualty. To their misfortune, the safety deposit box was with a belly-up S&L. They filed a claim under the deposit insurance regime. The court said they had no "deposit insurance" and had to file a claim with the receiver - which in the case of a belly-up S&L was worthless. The safest thing to do would be to make sure your safety deposit box is with a large bank (too big to fail) and if you have something especially valuable in it to consider adding it to your homeowner's policy by addendum.