Love the feel of the outside. Non slip... It has a Velcro closure.. I don't believe it is water resistant but I can not attest to it being fire proof. It does seem more protective than just leaving an important document in a tin box. It has two smaller pockets inside for like credit, Soc. Sec., ID cards or maybe an SD card. It would be handy for travel to keep things safe in case of some type of mishap... you never know. I'm keeping my Titles, Birth Cert., pass port and other items for safe keeping in my Safe Bag. Nicely insulated too.