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Key Cabinets vs Key Safes: What Business Needs Most

Key Cabinets vs Key Safes: What Business Needs Most

Why Key Storage Matters for Australian Businesses

Every business that handles multiple keys, whether for properties, vehicles, or secure rooms, needs a reliable system for secure key storage. Lost keys don’t just create headaches; they also expose your business to unnecessary risks and costs.

The choice often comes down to key cabinet vs key safe. But which one suits your specific needs? In this guide, we’ll break down the main differences in terms of security, capacity, accessibility, and cost, so you can make the best decision for your business. By the end, you’ll know which option is right for you and which models from Precision Safes can keep your business secure.

Key Cabinet vs Key Safe – What’s the Difference?

Key Safe: Compact and Convenient

A key safe is a smaller, lockable box (often wall-mounted) designed to hold a limited number of keys. They’re ideal for:

  • Spare office keys
  • Remote property access
  • Short-term access for cleaners, contractors, or staff

Many models from our key safes collection are built with weather-resistant finishes, making them a smart choice for outdoor use in Australia.

Key Cabinet: Organised and Scalable

A key cabinet, on the other hand, is a larger unit with multiple hooks or slots for dozens or even hundreds of keys. They’re perfect for:

  • Car dealerships
  • Real estate agencies
  • Hotels, hospitals, or facilities with multiple secure rooms

At Precision Safes, you’ll find both key safes and key cabinets under one category, highlighting how closely related they are, while serving different scales of need.

Capacity & Organisation

  • Key safes typically store 10-30 keys, depending on the design. They’re compact, simple, and easy to install.
  • Key cabinets are built for higher volumes: 50, 100, even 200+ keys. Many come with labelling systems, colour-coded hooks, or indexing features to keep everything organised.

For a growing business, capacity is one of the biggest deciding factors. If you’re managing multiple vehicles or properties, a cabinet is often the more future-proof investment.

Security Features & Access Control

  • Key safes use digital PIN codes, mechanical combinations, or override keys. They’re often weatherproof for outdoor use.
  • Key cabinets can include advanced systems: electronic PINs, audit logs, dual authentication, and even tamper alarms.

Both are made from durable steel with anti-tamper features, but cabinets provide more options for accountability and control in busy workplaces.

Accessibility & Workflow

  • Key safes are perfect when you need fast, simple access. For example, a real estate agent meeting clients or a cleaner needing one-off property access.
  • Key cabinets shine when keys are issued, returned, and tracked regularly. They create a centralised hub where staff or security teams can control access efficiently.

The right choice depends on whether you value convenience at the front line or structured management at the back office.

Cost & Installation

  • Key safes are generally cheaper and easier to install. Most can be mounted on a wall or sturdy surface in minutes.
  • Key cabinets cost more due to their size, locking tech, and construction. Some require structural support or professional installation.

However, for businesses managing 100+ keys, the per-key cost of a cabinet often works out cheaper than juggling multiple safes.

When to Choose a Key Safe

You’ll benefit most from a key safe if:

  • You use a limited number of high-turnover keys (e.g. office doors, meeting rooms).
  • You need off-site access for contractors or property management.
  • You want a cost-effective, compact, and secure solution with minimal setup.

When a Key Cabinet Makes Sense

A key cabinet is the smarter choice if:

  • You manage many keys across fleets, facilities, or multiple sites.
  • You need audit trails, access logs, or multi-user control.
  • You want a robust, centralised solution for high-security environments.

Hybrid Solutions: The Best of Both Worlds

Some businesses benefit from both:

  • Key cabinets inside the office for central control
  • Key safes at remote sites for selective, on-the-spot access

This hybrid setup gives you flexibility without compromising security.

Choosing the Right Model

When comparing models, keep these factors in mind:

  • Key volume & growth: Always choose capacity above your current need to allow for expansion.
  • Locking mechanism: Digital locks with audit logs are ideal for compliance-focused businesses.
  • Durability & build quality: Look for solid steel, anti-tamper features, and corrosion resistance.
  • Installation & placement: Ensure secure wall mounting or reinforced cabinet space for maximum protection.

Key Safe Security & Risk Mitigation

While both systems are secure, best practices matter:

  • Mount to brick, concrete, or reinforced surfaces to prevent prying.
  • Install discreetly, away from street view.
  • Change PINs regularly and limit access to authorised staff.
  • Use audit logging and alarms in cabinet models.
  • Pair with CCTV or security lighting for extra deterrence.

As RACV notes, misuse or poor placement makes even a good safe vulnerable. Correct installation and smart use are key.

Ready to Secure Your Keys the Smarter Way?

Choosing between a key safe and a key cabinet depends on your business size, workflow, and security needs. For small volumes and quick access, safes are perfect. For larger operations needing tracking, scalability, and tighter security, cabinets are often the better investment.

At Precision Safes, we stock Australia’s largest range of key safes and cabinets, including trusted names like Guardall and CMI. Whether you need a compact key safe or a feature-rich cabinet, our team can help.

Browse our Key Safes & Cabinets here or contact us for expert advice. Secure your business keys with confidence today.

Top-Rated Security Safes in Australia: Brand Review

Top-Rated Security Safes in Australia: Brand Review

Discover the Best Security Safes in Australia

When it comes to protecting your valuables, not all safes are created equal. From cash and jewellery to important documents, Australians are investing more than ever in reliable, high-quality security safes. Australia-wide, demand has surged for safes that are not only theft-resistant but also fireproof, durable, and backed by trusted brands.

At Precision Safes, we stock a wide selection of security safes Australia homeowners and businesses rely on. In this guide, we’ll break down the top-rated brands available in our store — including Chubb, CMI, Ardel, Guardall, Platinum, Locktech, Secuguard and Stronghold, to help you choose the right one.

Why Brand Matters When Choosing a Safe

Choosing a reputable brand ensures your safe meets critical standards, including fire and burglary ratings, compliance with Australian insurance requirements, and lasting durability. Whether you’re after a compact safe for home use or a robust commercial model, the right brand makes all the difference in performance and peace of mind.

👉 Chubb Safes – Globally Trusted, Locally Proven

Chubb safes are known across the globe for their exceptional engineering and professional-grade security. In Australia, they’re especially popular among businesses and institutions seeking certified protection against theft and fire.

These safes often come with commercial-grade certifications and offer advanced features like dual locking systems, fire resistance up to 120 minutes, and anti-drill protection. Whether you need a safe for cash, documents, or digital media, Chubb is a top-tier option.

👉 CMI Safes – Aussie-Made Toughness

CMI safes are proudly Australian-made and have earned a solid reputation for strength, compliance, and reliability. Designed to meet insurance requirements and resist forced entry, they’re a popular choice among both home and business users who want long-term peace of mind.

With robust construction and high-quality locking systems, CMI safes offer dependable protection against theft and fire. Whether you need to store sensitive documents, medication, or valuables, CMI delivers the toughness and performance Australians expect from a premium-grade security safe.

👉 Guardall Safes – Fire-Resistant and Versatile

Guardall safes strike a balance between price, performance, and protection. With fire ratings up to 105 minutes and a wide selection of models for homes and offices, Guardall is a go-to for many Aussies.

Their deposit safes and fireproof safes are among the most popular on our site, offering key features like digital locks, multiple shelves, and high-capacity storage. Guardall is a great fit for anyone who needs a security safe in Australia without overextending their budget.

👉 Ardel Safes – Affordable Home Security

Perfect for apartments and smaller homes, Ardel safes are compact, sleek, and easy to use. These safes are popular with first-time buyers looking for basic security features such as keypad entry and hidden bolt-down systems.

Ardel safes are well-suited for keeping jewellery, passports, and small electronics safe from theft or damage. They’re also lightweight and easy to install, making them ideal for renters or those with limited space.

👉 Platinum Safes – Premium Fire and Theft Protection

Known for their practical designs and solid build quality, Platinum safes are a go-to choice for customers seeking a balance between affordability and professional-grade protection. These safes are well-suited for both residential and commercial settings, offering peace of mind with enhanced fire resistance and anti-theft features.

Whether you’re securing cash, documents, or digital devices, Platinum provides easy-to-use safes with durable construction and user-friendly locking options — making them a trusted name in security safes Australia wide.

👉 Locktech Safes – Budget-Friendly & Reliable

For customers looking for dependable safes at lower price points, Locktech safes are a solid option. Designed primarily for residential use, Locktech offers compact models with simple mechanical or digital access.

These safes are ideal for low-risk environments where affordability is key. While they may not have the bells and whistles of premium brands, Locktech delivers honest value and dependable protection.

👉 Secuguard Safes – Smart, Simple, Secure

Secuguard safes focus on ease-of-use and quick access — two features many small business owners appreciate. They offer solid construction, clean designs, and intuitive keypad locks.

Their most popular models include compact fire-resistant safes and laptop safes, perfect for office environments that need convenient, secure storage without a bulky footprint.

👉 Stronghold Safes – Built for Extreme Security

When strength and capacity matter most, Stronghold safes deliver in spades. Known for their thick steel construction and reinforced doors, these safes are ideal for firearm storage, cash management, or secure archive storage.

Their heavy-duty models are commonly used in high-risk industries and rural properties where theft or fire risk is elevated.

👉 Ready to Choose Your Perfect Safe?

Whether you’re buying for home or business, the key to peace of mind starts with choosing the right safe brand. At Precision Safes, we stock all the top-rated security safes Australia trusts — from budget-friendly options to heavy-duty, fire-rated models.

With nationwide delivery, expert advice, and a full range of accessories and safe installation options, we make it easy to buy safes online in Australia with confidence.

📞 Browse our full collection of security safes today and find your perfect fit.

Keeping Your Valuables Safe While You’re Away: Should You Use a Home Safe?

A home safe is one of the smartest investments you can make before heading off on holiday. Whether you’re going away for a long weekend or an overseas trip, leaving your house unattended can raise security concerns — especially when it comes to protecting valuables like jewellery, cash, and important documents.

In this guide, we’ll explore why a home safe is a reliable solution for Australians who want peace of mind while travelling, the types of safes available, and how to choose one that best suits your lifestyle.

Why Your Valuables Are at Risk During Holidays

You’re not the only one who knows you’re going away. Empty homes during school breaks, long weekends and holiday seasons are prime targets for opportunistic thieves. Especially in quieter neighbourhoods or when homes are left obviously vacant, the risk of break-ins increases significantly.

Burglars tend to go for:

  • Cash and credit cards
  • Jewellery and watches
  • Personal IDs, passports, and sensitive paperwork
  • Small electronics or valuables they can grab quickly

Even a short trip can be enough time for a break-in — and once something’s gone, it’s often gone for good.

A Home Safe: Your Silent Security Guard

A quality home safe adds a powerful extra layer of protection while you’re away. It’s not just a box with a lock — it’s a smart, secure place to store the things you care about most.

Types of safes suitable for home use:

  • Fire-resistant safes – protects documents and cash even in the event of a fire
  • Compact security safes – ideal for small valuables and passports
  • Wall-mounted safes – easily concealed and securely fixed into structure
  • Gun safes (where applicable) – for licensed owners needing safe firearm storage

Why choose a safe for your home?

  • Strong, reinforced construction resists tampering and prying
  • Bolt-down options prevent thieves from walking off with it
  • Some safes come with fire and water resistance for extra protection
  • Keeps everything in one secure spot – no hiding under mattresses or bookshelves

A home safe doesn’t just protect your belongings — it gives you peace of mind while you’re away.

When Does a Home Safe Make Sense?

Installing a safe at home is a smart idea if:

  • You regularly travel or work away from home
  • You keep emergency cash, jewellery, or sentimental valuables at home
  • You don’t feel confident in hiding valuables in drawers or wardrobes
  • You want peace of mind without relying solely on home alarms or neighbours

A safe isn’t just for rich people or collectors — it’s for anyone who wants simple, secure storage that works 24/7.

How Does a Safe Compare to Other Security Options?

Method Pros Cons
Hiding items in drawers Free, easy Easily found by intruders
Giving valuables to friends Might feel secure Inconvenient, not always practical
Installing alarms/cameras Deters break-ins, records footage Can’t physically stop theft or fire
Using a home safe Physical security, fire protection, discreet Needs upfront cost and proper installation

A safe doesn’t replace a full security system — it complements it.

What to Look for in a Safe for Travellers

If you’re a frequent flyer or heading away for the holidays, here’s what to consider:

  • Lock type – Electronic keypad or dual lock (key + code) for quick access
  • Fire rating – Choose fire-rated models for paper document protection
  • Size – Big enough for what you need, small enough to fit discreetly
  • Mounting options – Wall or floor bolt-down models stop thieves carrying it off
  • Quality build – Look for solid steel construction and anti-tamper design

Tip: Avoid cheap overseas safes with unknown certifications. Choose Australian-tested models with proper standards.

Why Australians Trust Precision Safes

  • Australian supplier of certified safes
  • Fire-rated, pry-resistant, high-security models available
  • Wide range for home, office and commercial use
  • Expert support to help you choose the right safe
  • Fast delivery Australia-wide

We offer home safes that are tested for real-world conditions and built to last. Every model is backed by local warranty and trusted by households and businesses across the country.

Ready to Travel Stress-Free?

Explore our range of secure, fire-rated home safes at precisionsafes.com.au and get personalised advice from the team at Precision Safes today. We’ll help you choose the right model so you can relax — wherever you’re headed.

Floor Safes – A Safe Option

Floor safes have the advantage of being located in concealed areas to prevent against forced entry and theft.

An in-floor safe can be bolted down or cemented into a lowered area and be completely out of site which can increase your level of security.

They are compact in size in comparison to most other safes, so it is important that you consider the items you intent storing in your floor safe. The internal capacity size will determine the amount of valuables, possessions and important documents you wish to secure.

In-floor Safes reduce attack from concealment 

Precision Safes range of Floor Safes feature superior security features such as anti-drill plates, solid steel dead bars, relocking devices and are fitted with quality locking mechanisms and a top cover plate. There are four Platinum In-Floor Safes models that vary in size.

The Platinum Series 1 Floor Safe has a recommended cash rating of $10,000 which includes model FL1. The Platinum Floor Safe Series 2 has a recommended cash rating of $20,000 and includes models FL2, FL3 & FL4.

The correct implementation of a Floor Safe is very important. The deployment procedure consists of creating a lowered area in your floor and either cementing down or bolting down to the surface. When a floor safe is completely out of site you increase your level of security.

Source: Platinum Safes

What is a TDR Safe?

TDR is short for the acronym Torch and Drill Resistant. TDR Safes are very high in security and used by banks, jewellers, government agencies and commercial applications where a high level of security is required.  

Classifications are used to describe the security level with cash rating leading up to $250,000.  Further security measures applied can increase the cash rating when insurance company conditions are met.

TDR safes are designed, manufactured and constructed with high defensive strength barrier materials. Advanced technology applied by safes engineers make theses safes extremely hard to crack.

The design of TDR safes, and materials used, provide defensive barriers resisting to; Oxy-Acetylene attack, Drills and Abrasive Grinders, Explosives and Force; Pneumatic and Hydraulic Tools.

Torch and Drill Resistant Safes are also ideal in retail applications where large cash deposits are made. These safes are also used in residential settings to protect high valued jewelry and cash when additional security levels are required.

The Bond by Platinum Safes is EURO Grade 1 Certified for Theft & Fire protection.  This TDR Safe has an SS EN Cash Rating of $45,000 an unsupported environment and SP NT Fire Ratings for 1 hour.

The extensive Bond range of 6 models starts at an external height of 685mm and weighing 283 kgs, up to the largest model the BO7 at the height of 1505mm and weighing 900kgs.

The heavy duty construction and superior security features of the Bond include;

  • Premium Security SS-EN1143-1 : 2012 GRADE 1
  • 1 hour fire protection SP NT-Fire 017 60P
  • Certified. $45,000 Cash Rating
  • Heavy duty construction TDR Safe (Torch & Drill Resistant)
  • 50mm thick door and 80mm thick body
  • Reinforced composite body with concrete and steel mesh
  • Independent glass re-locking device
  • 3 stationary locking bolts on hinge side to deter prying attacks on hinges
  • Heavy duty steel hinge & chrome-plated vault handle
  • Pre-drilled anchor hole x 2
  • Hardened anti drill plates
  • Kaba Digital, S&G Combination or Mauer Key Locks

 

For professional advice when buying a TDR Safe call us on 0409 860 011.

Source: Platinum Safes

5 Key Tips When Buying a Home Safe

Purchasing a home safe is a long term investment and you want to make sure you buy the right safe that addresses all your needs.

Once you start researching you will soon discover the wide scope of homes safes ranging from weight, features, price points, locking mechanisms and sizes. However, the most important factor to consider is the quality of the safe and the level of protection it will provide.

When you are looking to buy a home safe that will be suitable for your needs there are many things to consider.

Here are 5 key tips when buying a home safe
1. Purpose of the Safe

Is the main purpose of the safe to protect against fire or theft ?

  • Fire Resistant Safes are designed to protect papers from extreme heat or fire. Fire rating generally range from 30 mins to 2 hours.
  • Theft Resistant Safes are designed to protect against theft and burglary. Theft resistant safes are rated based on their level of security. 

Precision Safes offer a wide range of quality home safes that are both theft resistant offering cash ratings as well as fire resistant safes that come with fire ratings.

2. Property to Protect

What items will be stored in your home safe? Valuable items such as jewellery, cash, ipods, laptops, watches, need to protected in a theft resistant safe. While important paper documents, records, wills etc. should be protected in a paper fire resistant safe.

3. Level of Protection

When selecting your home safe you need to consider the level of protection you require. The value of the items to secure in your home safe will determine the degree of protection you need. Good quality theft resistant safes are tested and rated by the amount of time an intruder takes to crack the safe open. These safes are given cash ratings.

4. Size of the Safe

The size of the home safe and the contents you are going to store in the safe is a key factor as well. It is highly suggested that you allow for extra capacity space for additional items and account for 50% more space to plan for the future.

5. Location of the Safe

You need to think about the location of the safe. How much space do you have? Is the location discrete? Can the floor support the safes weight? If the safe needs to be moved up and down stairs, ensure they are strong enough to support the weight.  

A home safe is a long term investment so select the perfect safe that will meet your needs now and in the future.

For professional advice when buying a home safe call us on 0409 860 011. We offer a diverse selection of home safes from trusted brands such as HUD, Key West Safe, T.Pitt & Co, Mutual, Anchor,… Whether you need a compact fireproof safe for documents or a high-security safe for valuables, each brand provides unique features and certified protection to suit your home environment.

Source: Platinum Safes

Cheap Safes V Quality Safes

The vast range of safes and strongboxes available in Australia is extensive. When you start researching, you will see the varying difference in the quality and levels of protection from one product to another.

So, let’s look at the definition of a safe. A safe, also called a strongbox is a secure lockable box used for securing valuable objects against theft and/or damage from fire. A safe is generally a hollow cube or cylinder with one face hinged to form a door.

The term ‘lockable box’ can come in the form of limitless entities. However, the importance of ‘Secure’ is the key factor when protecting and keeping items ‘Safe’.

There are many cheap and inferior safes and lock boxes on the market that are sold through hardware and retail outlets. These products offer lower grades of protection, and it can be argued, if they qualify and meet the requirements of a ‘Secure Safe’.

Inferior safes will have less security barriers to protect against attack and fire. They generally do not have cash or fire ratings, commonly have less steal, minimal security features and cheap locks.

Lower grade safes generally do not protect the value of the items being stored. Would you secure jewellery and watches worth thousands in an $80 safe purchased from a hardware or stationary store? It is simply unwise. Don’t store items of high value in a box that barely meets the criteria of a secure safe.

QUALITY SAFES & HIGHER PROTECTION

So, now let’s compare the elements and components of a quality safe, which is so much more than a hollow cube. A lockable box will surpass to a secure safe when security features and barriers increase the degree of protection; such as…..

  • The thickness of the safes body and door
  • Hard plates behind the lock to prevent drilling
  • Anti-fishing plates to prevent pilfering
  • Heavy duty locking bolts & external ball bearing hinges
  • Expanding fire seals and mineral compounds
  • Reinforced composite materials to produce a stronger defence shield
  • Cash ratings recognised by insurance companies
  • Fire ratings to protect against heat and fire
  • Certifications and rating by Underwriters Laboratories
GET EXPERT ADVICE

Getting expert advice from a safe specialist is also a crucial step when selecting the right safe. They will help you to determine the degree of protection you need based on the nature and value of the property you are securing.

Seeking professional advice will assist in verifying the cash rating level and fire protection rating that you require. These fundamental factors will ensure your belongings are protected to the highest level.

Don’t trust the opinion of an inexperienced store worker to guard your precious valuables. Trust a safe specialist or experienced locksmith who can give you expert advice.

PROFESSIONAL INTEGRATION

If you’re investing in a safe then ensure it is deployed correctly. Most burglars will attempt to take the safe with them, allowing them to break into the safe without time constraints.

If a safe is incorrectly deployed your security will be compromised. The correct implementation methods will depend on various factors; such as the flooring, anchor points and positioning of the safe.

Call us for expert advice today on 0409 860 011. We supply a wide range of high-quality safes from trusted brands such as Lord Safe Co, Ratner, Victoria Safe, EuroVault, Tank, Wormald, Sterling, Kumahira,… Each brand offers unique features to meet different security needs, from home safes to commercial-grade strongboxes.

Source: Platinum Safes

Cash & Fire Ratings

Cash Ratings

Cash rated safes are designed and engineered to protect against forced attack.  Cash ratings are based on the safes level of security and are tested by independent authorities and undergo a diverse range of testing to determine how long it would take for an intruder to crack the safe open.  The amount of a cash rating is based on the safe being located in a non-supported environment with no monitored alarm. The cash rating may verify the amount an insurance company will provide if the safe is attacked.

Fire Ratings

Fire rated safes and fire rated filing cabinets are tested and rated by independent authorities. The rating level is based on the time a safe or cabinet will endure the impact of a fire or extreme heat. Fire rating levels include 30 minutes, 60 minutes, 90  minutes and 120 minutes. It is important to know there are no such products as Fire proof safes or fire proof cabinets, they are fire resistant. The greater the fire rated time period the higher the protection.

There are two types of fire resistant safes

  1. Paper Fire Resistant Safes & Cabinets are designed and engineered to protect paper documents and files
     
  2. Data Fire Resistant Safes to protect film, data storage, CD’s and computer media from heat and fire.

Wall Safes: Where, How and Why

What Is a Wall Safe?

A wall safe functions in the same way as a normal home or commercial safe.

It often has one opening and locking door mechanism, is available in a variety of sizes with different kinds of security features — from combination locks to state-of-the-art digital entry systems — and can be used to store a variety of goods and valuables.

However, where a wall safe differs from your standard safe is that it is designed to fit into spaces within the walls of your property. These are usually locations specifically built into the structure of your home or business property.

Why Buy a Wall Safe?

A wall safe offers a couple of security advantages that a traditional safe does not. These features combined are what make a wall safe perhaps one of the most effective methods of securing your valuable assets from thieves.

Discrete and Concealed — A wall safe is often a hidden safe. The purpose of wall safe deployment is usually to conceal the unit behind an object, such as a painting or within a cupboard. By doing so, you make it hard to find. This adds a greater level of protection, as thieves will need to know it exists in order to actually steal items from it.

Near Impossible to Remove — Wall safes come with bolts and joists that allow them to snuggly fit into the space created for them. Once in place, they are sealed tightly. In order to remove a home safe, you must painstakingly remove all these connective elements. In short, you cannot just pick up and move a wall safe, which means a thief cannot either.

Where Should You Put Your Wall Safe?

For a wall safe to offer the enhanced security that it does, it needs to be affixed to your property in the correct manner. This means designing and constructing a space within your home or business to house the unit. You basically have three options here:

  • For shallow safes, you can remove plasterboard and fix your wall safe to the space created.
  • For deeper safes, you may want to get in a builder or contractor to adapt the brickwork of your home, enabling you to fix the safe correctly into the wall space.
  • If you don’t want to adapt your walls in any way, you can create a faux wall. This is often easier in small alcove areas, but can be done across entire wall spaces.
How to Pick a Wall Safe?

What kind of wall safe you need very much depends on a few factors:

  • How much space you have for your safe
  • What you need to store within your safe
  • What is your budget
  • Whether you are a business or private property
  • Where your safe is going to be deployed

Think about each point carefully when deciding which safe to purchase. Buying the wrong wall safe will only create problems. You don’t want to buy a unit that turns out to be too small, or too big, to fit into the space you have.

You’ll also want to think about personal use versus business use. A wall safe is a powerful security option in both circumstances. A business will likely need it to meet certain finance requirements and have specific security features, while a home safe buyer may be concerned with budget and ease of implementation.

We would recommend before you start the process of purchase and wall safe implementation to make a list of requirements your new unit must be able to meet. Then, while browsing options, consider each point on your list against the product you are viewing, until you find the perfect wall safe for you.

If you need help picking out the best wall safe for your business or home, our expert safe engineers can help. Contact us today to discuss your queries and concerns. It is our promise that we’ll only advise you on the right product. We’ll never try to sell you something you don’t need!

Insurance & Safes

What Is a Cash Rated Safe And How Does It Impact My Insurance?

Cash rated safes offer superior protection; not necessarily in terms of actual physical property security, but in terms of insurance payouts.

A cash rated safe is a unit defined as having a pre-approved rating for valuables. Items stored inside the safe are secured up to a certain valuation, depending on the type of cash rated safe you’ve bought. If possessions held inside the safe are stolen — or the safe itself is removed — insurers are required to pay out on anything covered up to the cash rating assigned to the unit. For example, if your safe is rated up to $50,000 for belongings, you can claim on items anywhere up to that cash value.

Besides ensuring a guaranteed pay out on claims, a cash rated safe can also help lower your insurance premiums. Safes achieve cash ratings as they are deemed to be secure enough to hold valuables to a standard of which insurers expect that they will not be easily accessible to thieves. Therefore, ownership of a safe can drive down annual costs.

Putting into place additional methods of protection for high-value goods is essential for not only keeping them safe, but also ensuring you don’t take a massive financial hit should they be stolen. Cash rated safes offer that piece of mind for both:

  • Businesses — By making sure cash stored can be recovered and assets lost can easily be replaced. Without this protection, your business could be dealt a serious financial blow, as replacements for stolen goods may dramatically hamper profit margins.
  • Residential Properties — The most commonly stolen items from a home are car keys, jewelry and smart tech. If your insurance company refuses to pay out, you may be faced with a situation where you are either unable to reclaim goods (as they are too expensive to replace), or suffer financial difficulties as you have to offset the costs yourself/take out loans to recover lost property.

Cash rated safes remove the risk. They lower your chances of actually having items stolen in the first place, as they make it tough for thieves to access goods. Then, in the unlikely event that they do access goods, you are guaranteed to have your financial investment in the stolen property recovered.

All insurance organisations will have unique policies and terms for the use of a cash rated safes. When taking out insurance, or acquiring a safe to protect yourself in the event of a claim, it is first advisable that you discuss what options are available with your provider. Awareness of proper safe policy and usage ensures that insurers are not able to find loopholes or a way out of making a payout.

At Precision Safes, we’re expert providers of every type of safe you can think of. If you aren’t sure what kind of unit you need, why not get in touch with our expert engineers to discuss your options? We’ll never try to sell you something you don’t need!