Banks don't insure their safe deposit boxes, and neither does the FDIC. But every safe deposit box and secure storage unit at Armor Vaults includes $5,000 of all-risk insurance at no cost to you, which you can easily increase to $1 million or more. Armor Vaults is the first safe deposit storage provider in the Massachusetts to provide each customer a policy in their name covering legal property stored in their box against all natural disasters—including all forms of fire and flooding, as well as burglary, robbery, terrorist attacks and other man-made catastrophes.