Even then it's way better to save that money... After you save it once you have it forever, and can use it to borrow against. eg. Save it for a down payment, w

Even then it's way better to save that money... After you save it once you have it forever, and can use it to borrow against. eg. Save it for a down payment, when you buy your place with the insurance money you saved, get a credit card for the amount you used for downpayment, and then rebuild your savings using the credit card for your emergency fund.