What is Property Insurance?
For most Ugandans—whether individual homeowners or large-scale industrialists—property represents the largest capital expenditure of their lives. Without insurance, a single localized incident can wipe out decades of investment.
Property Insurance forms a critical financial safety net against catastrophic damages. It covers the physical structure of your building, its technical contents, and stock against perils ranging from catastrophic fires and lightning strikes to Kampala's seasonal flash floods and malicious burglary.
What It Covers
Fire & Lightning
Provides complete rebuild costs if a structure is destroyed by an accidental blaze.
Burglary
Compensation for forcibly stolen contents, machinery, or stock.
Flood & Storms
Crucial for businesses in marshy areas affected by extreme seasonal rainfall.
Riot & Malicious Damage
Specific coverage protecting commercial storefronts against civil unrest.
Business Interruption
Pays out lost net profits if a fire forces your business to temporarily shut down.
Home Contents
For homeowners, replaces expensive electronics, furniture, and valuables.
Who is this for?
Home & Estate Owners: Domestic package policies covering the building, domestic workers' liability, and personal belongings.
SMEs & Corporates: Essential "Fire and Allied Perils" cover protecting warehouses, factories, office blocks, and retail storefronts.
Property Developers: Contractors' All Risk (CAR) policies to ensure buildings are covered *during* the construction phase.
Why Get It Through Stallion?
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Risk Engineering Surveys
Before binding large commercial properties, we bring in structural engineers to identify hazard fixes that will lower your premiums.
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Complex Claims Advocacy
A factory fire results in a complex, high-value claim. We project-manage the entire adjuster investigation so you receive your payout faster.
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Asset Valuation Guidance
Under-insuring leads to "averaging" penalties at claim stage. We ensure your assets are correctly valued in current UGX to prevent shortfalls.
How to Get Covered
Inventory & Valuation
You provide us with a schedule of the asset values to be covered.
Market Placement
We approach specialized underwriters like Old Mutual or Britam to negotiate terms.
Policy Review
We finalize the binder and issue the active policy documents to your office.
Frequently Asked Questions
No. A landlord's policy generally only covers the physical building (the walls, roof). If there is a fire or a burglary, your raw materials, stock, and furnishings are entirely your liability unless *you* have a contents policy.
If a fire burns down your factory, standard property cover pays for the rebuild. However, rebuilding takes 8 months. Business Interruption covers your lost expected profits and ongoing fixed costs (like rent and salaries) during those 8 months.
Often, portable electronic equipment requires an "All Risks" add-on, since they are frequently taken off the primary insured premises. We can easily bundle this for you.