Still popular among older adults, safe deposit boxes aren’t theft-proof — and some items cannot be stored in them

Whether you currently rent one or are considering getting one, here are 10 things to know about safe deposit boxes.

1. The contents are not insured

2. You can’t grant someone access in a pinch

3. Banks can drill and open unpaid boxes

4. You can’t access your safe deposit box 24/7

5. Rental fees are generally not tax deductible

6. They can be difficult to access after you pass away

7. Some items are off-limits

8. They aren’t theft-proof

9. Banks don’t always guarantee privacy

10. Some banks are phasing out safe deposit services

Source: 10 Surprising Things You Didn’t Know About Safe Deposit Boxes