According to a new survey, around half of women who took part claim that their bag is worth less than £50, but with the most common items being a purse, smartphone, sunglasses and a make-up bag, costs can quickly add up.
A study by TopCashback.co.uk reveals that 95% of women do not have insurance for their handbag.
In the South East, more than half of women are unsure as to whether the items that they carry are covered in their home contents insurance policy, whilst a quarter are unsure if the valuables are protected by their handbag insurance.
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.”
The research goes on to reveal that the majority of women do not have individual insurance for their valuables. Just 40% have their smartphones insured whilst a mere 20% have cover for their purse.
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