As salaam mu-alaikum
Hope you and trust you keeping well
Re: Insurance Payout
I have 3 situations below which I would like you to clarify for me urgently please , as I want to resolve the matter as soonest I can and move forward
1…We had a robbery at our home about 2 months ago and items to the value of around R120 000.00 where stolen
The insurance policy we have on the home and its contents , paid us back an amount of R37 000.00
Firstly I would like to know if this money can used ?? , and if YES then on what can I use the amount paid back to me
Some people have said it can be used to purchase items similar to the items stolen..Some have said it can be used to purchase anything for the household ( furniture etc)
Items stolen = Jewellery / clothing / laptop / bags / perfumes and accessories etc
2…My annual premium for the Insurance on my 2 vehicles and household contents accumulate to R12 000.00 for the year 2011..This payment is due now in February
I want to know if I can use the money paid out to me from the robbery to pay this annual premium?
Please bear in mind that both cars are freehold and no monthly payments due on them when answering
The premiums are around ( Car 1 – R5000 / Car 2 R5000 / household contents R2000 ) for the year 2011
3…IF WE CANNOT USE THE MONEY PLEASE ADVISE AS I WANT TO TAKE OUT THE ENTIRE AMOUNT AND HAND IT OVER TO SOME ORGANISATION IMMEDIATELY
I NEED TO KNOW IF THIS MONEY MUST BE GIVEN WITH INTENTION OF SADQA OR LILLAH ETC …..CAN THE MONEY BE USED TO PAY OFF FINES ETC?