Can You Borrow Against Your Homeowners Insurance?

1. 

   16470 POINTS

   view profile
   David Osgood

   Agent, Rural Mutual Insurance Co., Union Grove, WI

   Unlike life insurance homeowners insurance and auto insurance do not build cash values. So, you are not able to borrow against them. Homeowners policies provide coverage for specified losses contained in the policy. You would only receive money from a homeowners insurance policy if you experience a covered loss. This type of coverage is there to help you get back to where you were before the loss.

   Answered on June 5, 2013

   flag this answer
Did you find these answers helpful?
Yes
No
Go!

Add Your Answer To This Question

You must be logged in to add your answer.