Geopolitical fears, insurance, fewer banks, …: why Belgians are increasingly turning to external safes

The mystery of the missing safes at the bank continues: “I was stolen 100,000 euros without a trace”

Insurers recommend the use of external safes

Meanwhile, the issue of insurability plays a crucial role. In Belgium, home insurance often covers valuables stored at home in a limited way, even when they are placed in a private safe. To benefit from optimal protection, insurers increasingly recommend using external safes. This evolution is concretely reflected: nearly 10% of clients now opt for enhanced coverage, a sign of increased awareness of the risk of underinsurance, especially in a context of rising gold prices.

Another key factor lies in the transformation of the banking sector. For several years, banks have been reducing their physical branch networks and gradually abandoning safe deposit services. The new establishments, often designed around a digitized offering, no longer even integrate safe deposit boxes into their infrastructure. This disengagement leaves a gap that specialized actors like CitySafes are working to fill.

A 300 kg safe stolen from the Home in Seny in Tinlot: all savings gone, the director makes a plea for help

Peace of mind for customers

In response to these changes, partnerships are emerging between safe operators and insurance companies, allowing for integrated solutions combining physical security and tailored coverage.

The objective is clear: to offer customers total peace of mind, whether it is financial assets or items of great sentimental value.

Belgians spare no expense to pamper their pets, but still hesitate to take out insurance for their four-legged companions

Finally, despite the increasing digitization of documents, the need for physical storage persists. Notarial deeds, wills, or sensitive digital media still require secure storage outside the home.