Women may wish to ensure that their home insurance includes personal possessions cover following the results of new research.
It has been discovered by Direct Line that over one-fifth of women in the UK have had their handbags stolen, which comes at a cost of more than £582 million.
Almost one in ten of these thefts have taken place in the past year and every time it occurs, the average woman is faced with a bill of £109 to replace the bag and its contents.
Frances Browning, spokesperson for Direct Line home insurance, said: "Many women carry around personal possessions in their handbags that can add up to a small fortune, along with items of sentimental value."
She described handbag theft as being "an inconvenience" which causes "a lot of stress and worry".
Direct Line recently helped its customers to beat the credit crunch by offering a year's worth of home insurance cover for the price of ten months'.
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