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Indian Trader Loses Life Savings to Termites
Apr 9th 2008
By Tom Radler
Humor Money Weird
Usually, when you stick something in a safe deposit box, you expect it to be there when you come back. Hence the word "safe."
But one Indian man has found himself out more than $16,500 (plus jewelry) after a termite infestation at his bank resulted in his valuable bills and documents being eaten. The bank had put up a notice warning customers about the hungry pests, but Dwarika Prasad hadn't been to the bank for several months. He returned to find hundreds of thousands of rupees had become bug food, leaving him with termite dust and "badly perforated" papers.
"I'm shattered. I do not know what to do, as I had kept the money for my old age," Prasad is quoted as saying. The bank says that because it had posted a warning, it's not liable for the loss.
Question raised: Do you check for termite warnings when you're at the bank?
