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What is handbag insurance?

Handbag insurance can protect your luxury handbags from loss, theft or damage. A luxury handbag is a significant investment that requires careful protection. Our specialist collections insurance gives you peace of mind to take your handbag anywhere, anytime.

How does Handbag Insurance work?

Determining the value of your handbag or collection of handbags is the first step to figuring out which handbag insurance policy you need. Some brands of luxury handbags will be worth more than others, so it can be effective to have your collection professionally valued and re-valued every few years.

Why do I need luxury Handbag Insurance?

Luxury handbags, like many other high value items, are increasingly being targeted by thieves and criminal gangs. But it’s not just about protecting your handbags outside the home. Designer handbags can also be at risk inside the home too, especially if they are displayed in an open space.

Specialist cover doesn’t just protect you from theft. It’s very easy when going about the day to have an accident or misplace items, one of which could be your handbag. Cover can also include accidental damage or loss.

Handbag insurance from Stanhope means that you can have the tailored protection if something unfortunate were to happen inside or outside your home. It allows you to rest easy when taking your handbag for an outing or simply displaying it in your home. 

Why choose Stanhope?

Stanhope is part of Stanhope Cooper, a leading niche and specialist insurance provider to the UK home insurance market.

Our expert team is dedicated to providing exceptional customer service. We want all our customers to know that they have the right high-value home and contents insurance policy at the right price for their unique circumstances.

  • 17 years of specialist insurance experience
  • Over 2,400 4.8 star reviews on Reviews.IO and Google Reviews
  • Clear advice and recommendations based on your circumstances

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Alternatively, please contact an insurance advisor on 01730 777 600.

Handbag Insurance FAQ’s

What are the benefits of cover?

Handbag cover can provide peace of mind against the loss, theft, or accidental damage to your valuable designer handbags. But please note, accidental damage is usually only covered within a high value home policy.

Aren’t handbags covered under my home insurance?

You’ll need to check your specific home insurance policy, as a handbag collection might be classed as a valuable item with limited coverage. This means you might not be as protected as you think. Also, some policies might only offer vouchers for replacement, not cash, which could make it difficult to replace your unique handbag.

Should I get a professional valuation?

If you want an agreed value payout, yes. If you’re happy with market value (what it was worth just before the loss, up to your coverage limit), then you don’t have to get a valuation.

Does the insurance cover both handbags and their contents?

On a standalone policy, the contents of your handbag won’t be covered, since you’re only covered for the item(s) specified on the insurance schedule. On a household policy, yes, since their terms are broader and encompassing.

Can my handbag be replaced fully?

Yes, up to the value on the schedule.

Does your policy offer worldwide coverage?

Yes, our policy provides worldwide coverage.

Do you insure handbag collections?

Speak with our team, and we can help you craft a policy perfectly tailored to your large designer or unique handbag collection.

Are there any specific exclusions such as wear and tear?

Accidental damage is usually excluded on a handbag standalone policy but is included as standard on a high value home policy. Loss of or damage to handbags are usually covered only when the item is being worn or carried by hand under the personal supervision of the insured.

How should I store and protect my luxury handbag?

To best store and protect your luxury handbag, empty and clean it thoroughly. Then, pack it with acid-free tissue or a specialised shaper to maintain its form. Finally, store it upright in its original dust bag in a cool, dry place away from direct sunlight.