Oct 20 2008, 05:23 PM
QUOTE(hocklai8 @ Oct 16 2008, 09:47 PM)
crime rate is so high nowadays, almost everyday there's someone's house being broke in. so if got any valuables, better to keep in such safe boxes.
hmm... since demand is more than supply, wonder why no one actually start doing this as a business. Business 101 tells me one can actually charge more than what the banks are charging currently and people would still rent it. The business can always get some insurance companies to insure the boxes content if necessary security measures were made. Anyone in the security firms (guards etc) would like to consider this as a diversification option perhaps?
The problem is insurance company might not accept the insurance in the first place. As in safe deposit, company has no right or knowing whatever stuff being stored in the safe deposit box by the client. So how can insurance company assess the premium should be charged on it? hmm... since demand is more than supply, wonder why no one actually start doing this as a business. Business 101 tells me one can actually charge more than what the banks are charging currently and people would still rent it. The business can always get some insurance companies to insure the boxes content if necessary security measures were made. Anyone in the security firms (guards etc) would like to consider this as a diversification option perhaps?
If the safe box being assessed at like 10K insurance on it if being stolen, then it would be a costly premium, which eventually will make the rental of safe box bloody expensive to have it, which doesn't make sense for people to use the safe box as well. Might as well buy your own safe box, then put in your home and buy insurance accordingly, then no different at all.
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