2007-12-04 08:59:01 · 5 answers · asked by david d 1 in Business & Finance ➔ Insurance
No, homeowners insurance policies don't have a cash value like whole life policies build up.
2007-12-04 09:02:29 · answer #1 · answered by Judy 7 · 4⤊ 0⤋
NO. It has no cash value. You can borrow against your home. You can do a cash out refinance or home equity loan. The only type of insurance that you can borrow on is a whole life policy that has cash value. If you have a 401K or mutual fund, you should be able to borrow on that.
2007-12-04 17:07:47 · answer #2 · answered by maderlu 4 · 1⤊ 0⤋
No. You can't borrow from your car insurance, either.
2007-12-04 19:01:12 · answer #3 · answered by Anonymous 7 · 1⤊ 0⤋
No. Where did you get that idea?
2007-12-04 18:18:35 · answer #4 · answered by npk 7 · 1⤊ 0⤋
No, and you can rarely make claims against it.
2007-12-04 17:06:05 · answer #5 · answered by Anonymous · 2⤊ 3⤋