Q:

Schwab safes and filing cabinets considered to be fireproof and waterproof?

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The actual UL classification is for fire resistance. Virtually no product on the market has been tested and proven to survive against every possible fire, so Underwriter's Laboratories has devised a rating system to determine a products ability to withstand fires of specific temperatures and lengths and will only issue certification based on a product's proven ability to meet or exceed these standards.
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