Safe Cash Ratings: What Do They Mean?

If you have thought about getting a safe, you will have noticed that there are many factors to consider; one of which is the safe cash rating. But what exactly is it and why is it important? This guide will help you understand the importance of your safe’s cash rating.

What is a Cash Rating?

This relates to the amount of cash that your safe can securely hold in the eyes of an insurer. While your safe can physically hold more than this amount, you will not be insured past this figure. You should use the cash rating to figure out how much you should store in your safe, as it is the maximum amount of cash your insurance broker will cover in the event of a burglary.

What is a Valuable Rating?

There are other items that you will want to store in your safe besides cash. The cash rating also determines the maximum amount of valuables you can safely hold. You can store valuables up to 10 times the value of the cash rating. A cash rating of £1,000 covers you for £1,000 cash and £10,000 of valuables. So you should determine the correct cash rating to suit your needs.

What Does the Rating Mean for Insurance Purposes?

Knowing how much cash and valuables you will hold in your safe should be the first thing you consider. Knowing this, you can choose the correct cash rating to ensure all of your items are covered. You will also need to install the safe properly and take necessary precautions to safeguard it. That is why it makes sense to consult a professional for advice as they can help you adhere to the insurance requirements.

What is Eurograde?

Eurograde is a European-wide numbering system that categorises the security of your safe. All Eurograde safes undergo rigorous testing before they receive their rating. The rating system runs from 0 to 6, and the higher the number, the higher the cash rating will be. A Eurograde 0 rating will have a cash rating of £6,000. A Eurograde 6 rating will have a cash rating of £150,000. For a more detailed breakdown, take a look at our Safe Buying Guide.

What Cash Rating Do I Need my Safe to Meet?

First, decide on the maximum amount of cash or valuables you will store in your safe to get a cash rating estimate. We recommend you then opt for a safe that is 25% higher than this amount. Once you know the cash rating that suits your needs, you can start to look for the best safe for you. Remember you also need to install the safe correctly, so make sure to consult a professional.

At Trident Safes, we offer a range of safes suitable for all requirements; from S1 safes for low-value items, through to explosive-resistant Eurograde 6 safes. You can browse the complete range of cash-rated safes for sale on our website.