The safe deposit box is not designed to withstand fire, explosion, intense heat, smoke, water, mold, building collapse or the effects of natural disasters.The contents of the box are not insured by Wells or the FDIC.Wells Fargo safe deposit box holders were surprised recently when they received a letter titled, “Safe Deposit Lease Terms effective June 24th.” Certain provisions caught many safe deposit box holders by surprise. Wells Fargo Bank Frustrates and Angers Safe Deposit Box Holders