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Handbag losses cost women £4.9bn

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Handbag thefts and losses are costing British women £4.9bn, new research has found.

The research, by insurer Churchill, reveals that a third of women (33%) have lost their handbag and thirty-one percent have had their handbag stolen on at least one occasion.

On average, every time a handbag goes missing, women are faced with a £228 bill to replace the bag and its contents. These include home and car keys, wallets, make-up and even medication.

In addition, monetary losses could go further than the bag. Each handbag contains three credit or cash cards and the research shows that one in ten women (12%) has had money taken from their bank account after their bag disappeared.

Abi Clark, spokesperson for Churchill Home Insurance, said: “The theft or loss of a bag can cause a woman no end of problems, stress and worry. We carry a lot of value in our bags and it can take substantial time and money to cancel credit cards, have new home and car keys cut and replace lost luxury items too.”


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