Consumer: Women risk losing out with no bag insurance

Nearly all women do not have insurance for their handbags.
Nearly all women do not have insurance for their handbags.
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Despite one in every two women claiming their everyday handbag is worth less than £50, women are now stashing thousands of pounds in their handbags with gadgets, accessories and expensive make-up.

However, a study by TopCashback.co.uk, reveals that nearly all women do not have insurance for their handbag and there’s also a lack of awareness as to whether the items they carry in them are insured or not.

With the most common items including a purse, a smartphone, sunglasses, and a make-up bag costs can quickly add up.

More than half of women are unsure if the items they carry in their handbag are covered in their home contents insurance policy, whilst 15 per cent are unsure if the valuables are protected by their handbag insurance.

The research goes on to reveal that the majority of women do not have individual insurance for their valuables.

Just 29 per cent have their smartphones insured while a mere eight per cent have cover for their tablets.

eReaders are amongst the most least likely items to be insured with just one per cent of women having a policy for them.

Natasha Rachel Smith, consumer affairs editor for TopCashback, said: “We live in a day where women are constantly on the go, carrying their work and life with them in their handbag.

“Because of this, we’re now lugging around thousands of pounds, on top of the cost of a handbag, in the form of gadgets, home and car keys, accessories and expensive make-up.

“Our research serves a warning that women are unsure about whether these items are insured and risk an expensive repay-out should their handbag be lost or stolen.

“It’s important for anyone who doesn’t travel lightly to check which items are covered in their home contents insurance policy and whether the cover allows for possessions to be taken out of the house. Policies don’t have to be expensive.”

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