Handbag theft on the rise, check your home insurance

Recent research by Direct Line reveals that over 20% of women have already been the victim of handbag theft and the number of victims is expected to rise during the recession.

Whilst just over 25% of handbags are stolen from the pub or workplace, other common locations inlcude out shopping, in a club and from the car.

The value of handbags themselves are on the rise and with some 10% now worth £250 or more perhaps it’s the handbag as well as the contents that the thieves are after.

The cost of replacing handbag items now averages over £100 and includes items such as make-up, door keys, mobile phones and medication.

Frances Browing from Direct Line Home Insurance comments ‘Having your handbag stolen is not only an incovenience, but it can also cause a lot of stress and worry. Many women carry around personal possessions in their handbags that can add up to a small fortune, along with items of sentimental value.’

She added ‘For women who are concerned, there are some basic security measures they can follow such as using handbag clips in bars and restaurants, only carrying necessities for that day and keeping the bag close when out in public place.’

Home insurance policies usually include accidental loss, theft or damage to personal possessions, including handbags, jewellery and cameras when taken out of the home.

There will be a limit on the personal possessions cover included and you need to check that your particular home insurance policy has a high enough limit to meet your needs.