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Bank boxes aren't waterproof, so I'd make sure mine was on higher ground. Lots of bank boxes went under in Katrina ruining lots of documents and other things. Not to mention that in some cases it was a number of months before customers were allowed access to the soggy contents.
Also, the contents of a bank box are not insured by default.
I wouldn't keep a box of photos under a bed - more like the attic or at least a shelf in a closet - if you don't have time to grab they might have a better chance.
You'd be surprised how much people forget of their plan when disaster is looming.
Also, if you evacuate, there are a number of documents you want to take with you including proof of flood insurance and homeowners insurance.
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