Your Household/Business insurance policy usually only covers you for a very small amount of cash or valuables on the premises. To increase these values the purchase and correct installation of a safe is necessary. You should seek confirmation from your insurance provider that your selected safe meets with their approval.
Safes are tested and rated according to a given Cash Rating. This indicates the most monetary value insurers suggest can be stored in that safe overnight.
Valuables: As a guide, insurers typically give up to 10 times the cash rating for valuables. For instance, a 4k cash rating will give up to 40k for valuables.
Cash ratings range from 1K - 150 K
Note: There are official Euro Grade safe 'testing standards'
for the following cash ratings. Products are tested within a
controlled environment and are subject to a variety of tests.
Any safe tested to this level is respected by the European
Insurance industry.
European Ratings
S1 EN14450 = £2k cash or £20,000 valuables
S2 EN14450 = £4k cash or £40,000 valuables
Grade 0 = £6k cash or £60,000 valuables
Grade 1 = £10k cash or £100,000 valuables
Grade 2 = £17.5k cash or £175,000 valuables
Grade 3 = £35K cash or £350,000 valuables
Grade 4 = £60k cash or £600,000 valuables
Grade 5 = £100k cash or £1,000,000 valuables