Firm sets-up protection deposit vault as burglaries rise and folks fear banks

http://www.cbwl.org/why-safety-deposit-box/
Firm sets-up protection deposit vault as burglaries rise and folks fear banks
Folks of Ireland;) Do you keep money under the cushion? Terrified of banks? This could be the solution!

Ireland's initial independent protection deposit box facility will open in September as a result of a campaign by two Irish entrepreneurs.

Up to twenty jobs will be created directly in the firm and in assisting company.

Merrion Private Vaults is the brainchild of jeweller Seamus Fahy and media owner, David Walsh, and is situated merely off Merrion Square in Dublin. The vault, which has been created making use of the very most recent state-of-the-art protection modern technology, will have several thousand protection deposit boxes of varying sizes.

Clients will retain a protection deposit box for an annual cost that starts at EUR350 incl VAT. The firm is now taking advance bookings for the protection deposit boxes and has obtained in unwanted of 900 analyses to date. Independently-managed protection deposit boxes for individuals are a well-established service around the world yet is new to Ireland.

Traditionally banks have provided boxes in numerous branches yet are now discontinuing or have discontinued to provide them. Seamus set up a website to gauge the level of interest rate in such a service in Ireland.

"The website garnered over 900 analyses, primarily from all parts of Irish society and additionally from global business folks and family members living and working in Ireland. "Folks from city and rural areas have shown that as the bank closed its branch in the area, they have nowhere to put prized possessions.

Residence burglaries-- commonly with extreme brutality-- are on the rise. The CSO reports 27,000 residence frauds a year, this means there is about one burglary every 20 minutes," he said. By keeping your prized possessions in Merrion Private Vault's protection deposit box, you can remove them from your residence insurance coverage and lower your premium. The Merrion Private Vaults facility has been designed and built from the ground up, making use of the very most recent state-of-the-art protection systems. A leading expert, which is consistently commissioned by Lloyd's of London insurance policy to assess such areas around the world, aided the founders in creating the vault and choosing the most appropriate modern technology to keep it safeguard.

Such is the standard of protection at Merrion Private Vaults that Lloyds of London has accepted the system and is the major underwriter and insurer for the firm.


The firm is now taking advance bookings for the protection deposit boxes and has obtained in unwanted of 900 analyses to date. Independently-managed protection deposit boxes for individuals are a well-established service around the world yet is new to Ireland.

By keeping your prized possessions in Merrion Private Vault's protection deposit box, you can remove them from your residence insurance policy and lower your premium.