Can loan money be used for damage compensation?
My family spent the weekend in the National Museum of Singapore. As we stroll, my children ran and played inside where there is a vintage vase that they accidentally broke which costs a lot. I don't have that lot of cash in hand. I am hoping and wondering if I could repay the damage through my loan.
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An incident like this usually happens and as a museum goer, you are not obliged to pay the damage. You can report what had happened to the museum attendant and they will let you leave. After the incident report, an insurance company will send a representative to inspect the workplace and evaluate the damage. They will obtain a proposal for the repair to a conservator.