SGIO Shows Most Women Don’t Cover Their Handbag Valuables On The Go

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With almost half of WA women carrying more than $500 worth of valuables in their handbag and three quarters without the right cover, SGIO is urging women to protect this most prized asset*.

SGIO

70 % of women did not have insurance cover for outside their homes

With almost half of WA women carrying more than $500 worth of valuables in their handbag and three quarters without the right cover, SGIO is urging women to protect this most prized asset*.

This comes with SGIO Home Insurance claims data showing that MP3 players, cameras, sunglasses, mobile phones and handbags were some of the most popular items with thieves in the last financial year**.

SGIO Home Insurance spokesperson Mariana Cidade said many women don’t have the right level of cover or even none at all, which is concerning should their valuables be stolen.

‘Our survey showed that almost 70% of women did not have insurance cover for outside their homes, did not know what their home content policies covered and some had no cover at all.

‘Many women carry so many valuables in their bag that the analogy of carrying our lives in a handbag is a real one. Not surprisingly, 95% of women carry a mobile phone, 93% carry a wallet and 73% carry sunglasses in their handbags most days. Make-up (48%), personal documents (42%) and fragrance (37%) were also carried most days.’

SGIO recommends consumers add portable valuables cover to their home contents insurance for expensive items taken out of the home.

SGIO recommends the following tips:

  •     Always keep your handbag and valuables in view
  •     Close your handbag to avoid falling prey to pick-pockets
  •     Add up the replacement value of your belongings. There are websites and apps that can help, such as the Home Contents Calculator from sgio.com.au (http://www.sgio.com.au/home-insurance/calculators.shtml) and the Valuables Vault iPhone app, available from the App Store;
  •     Ensure you have adequate cover to replace your valuables should they be stolen or damaged; and
  •     Take photos of valuable items and keep proof of purchase receipts to make replacement easier.
  • Based on a survey of 500 WA women by Pure Profile Research in February 2011

** Sourced from SGIO claims data from financial year 09/10
*** Based on average claim cost and popular retail items as at March 2011

SGIO is a leading insurance provider, offering Car Insurance, Home Insurance, Motorcycle Insurance, Travel Insurance, Business Insurance, Boat Insurance, Health Insurance and Caravan Insurance in Western Australia.

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Mariana Cidade
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