Categories: Locks

Are Safes Insured and What Do Insurers Require?

If you’re buying a safe on the Gold Coast, it’s common to ask whether the contents will be insured and what insurers actually require. Insurance coverage often depends not just on owning a safe, but on the type of safe, how it’s installed, and whether it meets specific conditions set by your insurer.

Are safes insured and what do insurers require?

Safes themselves are not automatically “insured” by default. Insurance coverage usually applies to the contents inside the safe, provided certain conditions are met. These conditions vary between insurers and policies, but they often relate to the safe’s rating, installation method, and how it is used.

A safe that doesn’t meet insurer requirements may limit or invalidate coverage, even if the safe itself is high quality.

What insurers typically look for

Insurers commonly assess:

the type of safe used (home, commercial, firearm, or cash safe)
whether the safe has a recognised fire or security rating
how the safe is installed or bolted down
where the safe is located within the property

The higher the value of the contents, the more likely insurers are to impose specific requirements.

Does a safe need to be bolted down for insurance?

In many cases, yes.

Insurers often require safes to be bolted to a solid surface, such as a concrete floor or structural wall. This reduces the risk of the safe being removed entirely during a burglary.

Failure to bolt down a safe may result in reduced coverage or claim disputes, even if the safe itself remains intact.

Fire ratings and insurance expectations

If you’re storing documents, cash, or valuables, insurers may require the safe to have a fire resistance rating appropriate for the contents.

For example:

paper documents need protection below charring temperatures
digital media may require lower internal temperature limits
higher-value contents may require longer fire-resistance periods

Choosing a safe without an appropriate rating can affect whether losses are covered after a fire.

Are firearm safes treated differently?

Yes.

Firearm storage is often subject to both legal requirements and insurance conditions. Insurers may expect firearm safes to:

meet minimum construction standards
be bolted down
comply with state firearm storage regulations

Non-compliance can affect both insurance coverage and legal obligations.

Do insurers require professional installation?

Sometimes.

Some insurers expect safes to be professionally installed, especially for:

high-value contents
commercial applications
firearm storage

Professional installation helps demonstrate that reasonable steps were taken to secure the contents properly.

Should I check with my insurer first?

Yes.

Before purchasing a safe, it’s a good idea to:

check your insurance policy
ask what requirements apply to your situation
confirm coverage limits and conditions

This ensures the safe you choose actually supports your insurance coverage rather than creating problems later.

Learn more about Safes

To explore safes that meet common insurance and compliance requirements, visit:
https://gcsafes.com.au/

Need help right now?

If you want advice on choosing a safe that meets insurance requirements or need professional installation, contact Terry’s Locksmiths here:
https://tlslocks.com.au/contact-us/

Jim Noort