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Code · New York · Banking · Safe Deposit Business

§ 338. Notice to renters of safe deposit boxes regarding insurance.

162 words·~1 min read·/ny/banking/safe-deposit-business/338·

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§ 338. Notice to renters of safe deposit boxes regarding insurance. 1.
Any banking organization or safe deposit company which offers safe
deposit boxes for rent shall provide each customer at the time of rental
with a copy of a safe deposit box rental agreement. Such agreement shall
include, on its face, or on an attachment thereto a notice in at least
eight point bold type reading as follows:
Important Notice:
(1)The contents of your safe deposit box
may not be fully protected against loss under the insurance
coverage maintained by the bank or safe deposit company.
For your protection, you may wish to secure your own insurance
through an insurance company of your choice.
(3)You should
keep a complete list and description of all property stored in
your safe deposit box, and any available proof of ownership.
2. The notice required under subdivision one of this section shall
also appear on all subsequent rental bills or attachments thereto.
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