Cash Cover and Euro Grade

The difference between Cash Cover and Euro Grade

When it comes to choosing the right safe for your security needs, there are many terms used to define safes and the various security features they can provide. With this in mind, the search for a safe can be daunting and confusing if you do not understand what each term means.

Two particular terms that are used to define safes are Cash Cover and Euro Graded safes. These are used all the time in the safe industry and may cause confusion to those unfamiliar with the terms.

Cash cover help to determine how much cash can be stored into a safe for insurance purposes.  Not all safes have Cash cover attributed to them, however, those that do can start as little as £1,000 cover. These ratings provide crucial insights for those looking to insure the contents of their safe.

Insurance companies will ask you to purchase a safe that has a cash rating relative to the amount of cash that you wish to store. For example, if you had £3,500 that you wanted to obtain insurance cover for, you would have to buy a safe with a cash cover of up to £4,000 and that is insurance approved. If you went to store over £4,000 in that particular safe, you would not be covered by your insurance for the amount over £4,000. You can have one or the other but you can not hold both unless you halved the cash to £2000 and the valuables to £20,000

In the event of goods being stolen, abiding to the cash rating will ensure that pay-out can be made by your insurance.

Before purchasing a safe for insurance purposes, please check with your insurance company that the safe meetings your insurance’s approval.

For a Euro graded safes, tests are conducted by national testing agencies such as ECBs and VdS which determines the length of time it takes to gain part or full entry into the safe. Once completed, the agencies decide the resistance level of the safe, which is how Eurograde certification is assigned.

Euro graded Safes are ranked by numerical grades 0 to 6, with a Eurograde 6 Safe able to withstand attacks from a variety of handheld and mechanical tools the longest, providing the highest level of protection.  These types of safes tend to be for those who require storage of assets with substantial worth.  All Euro grades are suited for home or small business use as these provide a secure storage solution for and valued goods.

So, in terms of cash cover, these are attributed in ascending increments to correspond with the grade of safe. Eurograde 0 safes have cash cover of £10,000, with Eurograde 6 safes having a cash cover of £150,000. 

Still not completely sure what level of security you require in terms of cash cover and Eurogrades? We have a handy feature on our site to help you choose the right safe for your needs, or you can always get in touch with us online or on the phone at 0161 819 6888.