Man bag risk
July 7, 2007 by admin
Filed under News, News-Insurance
An increasing number of men are carrying ‘man bags’ around with them on a daily basis and may be running the risk of losing a host of valuable items.
Women are regularly warned about the dangers of carrying too much in their hand bags and not being insured but it seems that men are taking an even greater risk.
Research by LV= General Insurance shows that the average ‘man bag’ carrier has more valuable items on him than a woman with a hand bag does.
Men’s bags tend to hold contents worth over £60 more than the average hand bag and this could prove costly if the items are not properly insured.
“Man-bags have quickly become a mainstream accessory, helping men lug around their ever more valuable stash of gadgets and personal effects,” said Andrew Beard from LV=.
“British men and women now routinely carry around more than £10 billion worth of possessions – not to mention the cost of the bags themselves and any cash carried – so failure to insure your bag and its contents away from home could prove a costly oversight.”
Around 13.8 million British men now regularly carry a ‘man bag’, along with contents worth an estimated £4.4 billion.
