Texas Bullion Depository Insurance

The Texas Comptroller of Public Accounts requires the Texas Bullion Depository to maintain insurance coverage equal to 100% of the replacement value of all precious metals stored at the depository. 

The insurance policy retained to cover the assets of depositors is underwritten on the Lloyd’s of London insurance market and includes provisions for automatic coverage for new deposits received.

Insurance is applicable on assets submitted by Depository Account Holders at the time the authorized deposits have been received, inspected, and accepted at the depository.  Depository Account Holders are responsible for securing transit insurance when sending precious metals to the Texas Bullion Depository. 

In respect to withdrawals, the Texas Bullion Depository shall insure the return shipment of client assets to the Depository Account owner’s address.