If you own a vacation home, chances are you can afford the
insurance you need to protect it. But in the real world, your
policy may not cover 100 percent of disaster damage. And then
there are those deductibles.  So how do you get the money you
need to repair the storm damage?  If you want to use a home
equity line of credit, or HELOC, you have two options. You can
get a line of credit on your primary residence. Or, if you
already have a HELOC on your now-damaged vacation home, you may
still be able to access it.  But it's also possible the bank
could cut or curtail a HELOC on a now-damaged home, said Frank
Donnelly, president of the Mortgage Bankers Association of
Metropolitan Washington, D.C.  The upside: Rates are low - often
in the neighborhood of prime plus 1 percent, Donnelly said. And
you can take only as much money as needed, and only when you
need it. If the loan is secured by your primary residence, you
can often deduct the interest, he said. And you can usually
close in two to four weeks, he said.