[NetBeck]

The lease agreement on those boxes usually states the customer assuming all risk. Sometimes boxes randomly go missing, and natural disasters can make them inaccessible.

"She sued the bank in Los Angeles Superior Court, seeking $7.3 million. Bank of America sought to have the case dismissed, citing language in its lease agreement stating that the renter “assumes all risks” of leaving property in the box."[0]

[0] https://www.nytimes.com/2019/07/19/business/safe-deposit-box...

[znpy]

You bring up the lease agreement, but you should look also to the terms of service of the various cloud storage services.

Chances are the deposit box are way better.

[UIUC_06]

Let it never be said I can't change my mind. HN is supposed to be open, curious discussion, right?

No, I'm not closing my safe deposit box, but that article made me realize the danger of banks just deciding someday "You know what? Who needs those stupid things any more?"

Of course, the same thing applies to cloud backup services. Google is constantly telling me I should buy more storage.

Eventually, you don't want to rely on a service that's unprofitable for the company providing it. Unless, like an insurer paying off your life insurance policy, it's something that they can't out of, without destroying their reputation. Or bringing the government down on them.

[UIUC_06]

> Sometimes boxes randomly go missing

citation?

and nothing ever goes wrong with cloud backup schemes, over a very long time period?

[Androider]

https://www.nytimes.com/2019/07/19/business/safe-deposit-box...