A system and method for insuring a safe deposit box is disclosed. The system for insuring a safe deposit box comprises a computer system capable of being assessed over an Internet, the computer system capable of providing various screens and for receiving entered information relating to a safe deposit box to be insured, and determining a premium to be paid for the insurance for a safe deposit box. The method for insuring a safe deposit box comprises the steps of renting a safe deposit box and purchasing insurance for insuring the safe deposit box.