1. 16470 POINTS
    David OsgoodPRO
    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
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