British insurance firm Insurance4everyone has introduced a new policy designed with bagistas in mind. The initiative offers customers up to £2500 worth of cover for handbags and their contents.
That level of insurance will barely make a dent if you own a Birkin of course, but it should help out most bag enthusiasts. While most insurance policies require you to prove the value of your purse and its contents, which is never easy after it’s been pinched, Insurance4everyone makes the claiming process easy. If you take it out as a stand-alone policy, you also won’t need to worry about losing the no-claim discounts on your home cover. It might not make up for losing that favorite purse, but it should ease some of the post-theft stress.
On the down side though, this handbag cover is relatively expensive. The minimum premium costs £5.05 a month for a mere £800 worth of cover. You’ll need to spend £19.99 each month to enjoy the maximum pay out.
This kind of insurance cover is probably worth considering if you regularly tote Italian designer arm candy, but I’m not sure it’s so vital for the average bag lover.
