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Handbag insurance 

Do you have a designer or luxury handbag? Compare handbag insurance and get peace of mind wherever you go.

Handbags are a place to keep valuables, and are often valuables in and of themselves. Handbag insurance can ease the pain by covering you for the repair or replacement costs involved when the unexpected happens.

What is handbag insurance?

Depending on the policy, handbag insurance can cover the value of your handbag itself, plus what's in it, when you're at home and when you have the bag out with you.

The handbag-relevant scenarios you can be insured against include (among others) theft and fire, storm and water damage.

How can I get cover for my handbag?

There are several ways to insure your handbag, at home and when you're out with it.

Contents insurance
Contents insurance can cover your handbag against lots of insured events, including (crucially) theft.

A straight contents policy will only cover the handbag when it's at the insured address. Because they're made to be taken with us just about everywhere, handbags are a good candidate for portable contents insurance (sometimes called personal effects cover), an optional add-on that will cover your handbag when you have it out with you. Like a contents policy, it will generally allow you to specify the value of items that are worth more than a certain limit (e.g. $1,000).

Home and contents insurance
Did you know that you can insure your handbag with a home and contents insurance policy? If you already have a policy, check to see if your handbag is covered, or you could always switch policies and get one that includes insurance for your handbag.

With home and contents insurance, your handbag will get all the protection straight contents insurance offers, plus cover against damage to your home in general in a long list of insured events.

You can also add personal effects cover to your home and contents policy so that your handbag is covered outside of your home.

Single item insurance
If you have an expensive handbag that's the only thing you want to insure, or one of a few things you want to insure, you could think about single item insurance, which offers similar levels of coverage to other policies but only for selected items.

It can be a cost-effective solution for people in some circumstances, for example, renters.

You should be able to take out portable contents cover as part of your single item insurance policy, too.

Finder survey: What extra features would influence Australians in different states in choosing a home & contents insurance policy?

ResponseWAVICSAQLDNSW
Temporary accommodation cover28.81%25.6%32%35.5%22.22%
High-value items cover22.03%20.82%25.33%19.91%17.09%
None of the above22.03%19.45%26.67%14.72%15.67%
Removal of debris17.8%16.04%18.67%20.35%15.38%
Flood cover15.25%16.38%13.33%19.05%13.68%
Preventative programs10.17%8.19%10.67%12.12%6.27%
Asbestos removal9.32%5.46%6.67%6.49%6.27%
Other2.54%0.68%1.73%1.14%
Source: Finder survey by Pure Profile of 1113 Australians, December 2023
Data for ACT, NT, TAS not shown due to insufficient sample size. Some other states may also be excluded for this reason.

Compare handbag insurance in Australia and get a quote

Here's the bottom line:
Your handbag doesn't have to be a Hermès to be valuable. Home insurance can protect your handbag and what's in it whether you're at home or on the go.

Name Product Handbag Jewellery Portable Contents Cover Accidental Damage to Home or Belongings Fire, Storm & Theft Damage Online Discount
Budget Direct Contents Insurance
Optional
$5,000
Optional
Optional
Our verdict: The most popular insurer on Finder, Budget Direct prioritises low-cost cover and gives you 15% off your first year. You need to pay extra for flood cover and accidental damage.
Youi Contents Insurance
Best Rated Brand
Youi Contents Insurance
Optional
Optional
Optional
Our verdict: Finder’s 2022 Insurer of the Year for Customer Satisfaction and our Top Pick for Fire Damage cover. It’s good if you want a tailored quote over the phone.
QBE Contents Insurance
Optional
$2,500
Optional
Optional
Our verdict: It covers essentials such as fire and theft plus comes with some good perks such as security upgrades after a burglary and up to 10% off your first year.
Honey Contents Insurance
$6,000
Optional
Optional
Our verdict: Honey gives you $250 smart sensors to reduce accidents and estimates the value of your contents. It was also a finalist for the comprehensive category in the Finder Awards.
Australia Post Contents Insurance
Optional
$2,500
Optional
Optional
Our verdict: Covers common claims such as fire, storms and water damage. Like most contents policies, you need to pay extra for accidental damage cover.
Kogan Contents Insurance
Optional
$2,500
Optional
Optional
Our verdict: Good comprehensive cover (issued by QBE). Also, get a 6% discount off your first year plus $10 ongoing monthly credit. T&Cs apply.
Qantas Contents Insurance
Optional
$5,000
Optional
Optional
Our verdict: Earn up to 20,000 Qantas Points with every Qantas Home Insurance policy you take out by 22 April. T&Cs and exclusions apply.
Westpac Contents Insurance
$7,500
Optional
Optional
Our verdict: Provided by Allianz, one of the biggest insurers in Australia. Cover for fire, theft, storm, cyclones and more.
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How do home insurers in Australia cover handbags?

Just like other valuable items. If you have a high-value handbag, you might need to specify it in your policy to increase the upper limit it's insured for.

As always, you should check what you'll be covered against, and to what amount, in the relevant parts of a policy's Product Disclosure Statement (PDS). Here are some examples of how brands explain cover in their PDS.

BrandPDS Wording$ LimitOption to increase the limit?
Budget Direct LogoYou are covered for the following items as unspecified personal effects:

• handbags, briefcases, wallets, clipboard folders, suitcases, and other travel bags but not their contents unless the contents are also listed here and covered by your optional Personal Effects cover stated on your Insurance Certificate

$1,000
Westpac home insuranceAdditional cover for personal valuables anywhere in the world.

Add optional Personal Valuables cover* for precious items such as jewellery, watches, handbags and laptops at home and anywhere in Australia, or worldwide for up to 90 days.

Not shown
Picture not describedYou are covered for the following items as unspecified personal effects:

• handbags, briefcases, wallets, clipboard folders, suitcases, and other travel bags but not their contents unless the contents are also listed here and covered by your optional Personal Effects cover stated on your Insurance Certificate

$1,000

Do I need handbag insurance?

When you think about all the things you've carried around with you in your handbag over the years (smartphones, purses, camera, sunglasses, etc), their value adds up.

We're lucky to live in a society where bag-snatching isn't a common occurrence, but thieves all over the world are drawn to handbags, for obvious reasons, and will probably continue to be.

Losing an expensive handbag (and its contents) in a theft, fire or water damage situation can be a hard pill to swallow.

If calamity strikes, though, you'll be better off with handbag insurance than without it.

Can I get cover for my handbag if it's really expensive?

Yes, but be sure to check the maximum amount the insurer pays out for handbags and to specify the value of your handbag in your policy if that value is higher than the sum insured.

What's covered by handbag insurance?

Home insurance can cover your handbag in surprising ways. Here are some examples of when you can be covered:

What's not covered?

For most insurance policies, there are some instances where you won't be covered, these are called general exclusions. Here are some reasons why you might not be covered:

  • You fail to take care and lose your handbag.
  • General wear and tear of your handbag.
  • You choose to opt out of additional cover like accidental damage or specified items.
  • Damage is caused by pests or mould.

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