From Fire To Theft—How GoldStar’s Renters Policy Is Changing Tenant Security

By Frank Kamuntu

As Uganda’s real estate market continues to expand, more Ugandans are choosing to rent homes and apartments across major towns and cities. With this trend has come a growing need for financial protection against unexpected losses a gap that GoldStar Insurance is now addressing through its new and affordable Renters Insurance policy.

Commonly known as tenant insurance, renters insurance is designed to protect individuals who rent property from losses or damages to their personal belongings. Unlike homeowners insurance, which covers the structure of the house, renters insurance focuses on protecting tenants’ possessions and offering liability coverage in case of accidents or damage to third-party property.

Comprehensive Coverage for Tenants

GoldStar’s Renters Insurance policy provides wide-ranging protection against risks such as fire, theft, and flooding, offering Ugandan tenants peace of mind and financial security.

According to GoldStar, the policy covers multiple aspects of a rented home:

• Structures: The policy extends to garages, fences, walls, gates, and even extra features such as swimming pools, patios, and terraces.
• Contents: Tenants are protected for losses or damages to their furniture, electronics, jewellery, and personal valuables—even when those items are temporarily taken outside the home or abroad.
• Cash: Personal money kept at home, including travel tickets, gift vouchers, and phone cards, is covered up to a specified limit.
• Domestic Workers: Legal liability under Uganda’s Workers’ Compensation Act ensures domestic employees are compensated in the event of work-related injuries or accidental death.
• Public Liability: The policy includes protection against legal claims from third parties for injury or property damage arising from the tenant’s occupation of the premises.

Protecting Uganda’s Growing Urban Population

With Uganda’s urban population increasing and more professionals opting to rent rather than buy, GoldStar’s Renters Insurance aims to make financial protection more accessible to everyday Ugandans.

“Many tenants underestimate the value of their belongings until disaster strikes,” a GoldStar representative noted. “This policy is designed to ensure that no one loses everything due to fire, theft, or unforeseen damage. It’s affordable, comprehensive, and tailored to the Ugandan market.”

By securing a renters insurance policy, tenants can safeguard not only their property but also their legal responsibilities and peace of mind.

GoldStar Insurance continues to position itself among Uganda’s top insurers by offering innovative products that meet modern living needs. For those renting homes or apartments, this policy represents a practical and smart investment in security and stability.