Paying a monthly levy that includes insurance
Q: Over the past years, I have saved sufficient money that would allow me to purchase a small apartment. Whilst negotiating I noticed that the monthly levy that I will pay is used to cover the insurance of the apartment and cannot be removed.
1. Am I allowed to purchase this property and make the monthly levy payments?
2. If it is permissible for me to purchase, live in the apartment and make the levy payments, would I be allowed to make claims against the insurance for items covered by them like, burst geyser, etc.?
A: Insurance is wrong. You may tell the body corporate that this is wrong and it is not valid. If they want any amount for the levies they may receive it and use it at their discretion in permissible avenues. And you should not claim for more than what you had contributed.
And Allah Ta'ala (الله تعالى) knows best.
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