Should an automobile policyholder carry collision coverage on an older vehicle?
What coverage you carry is the individual policyholder’s choice. When making a decision on coverage types and amounts, a policyholder should take into account the value of the item to be insured and the amount of risk the policyholder is willing to accept. The policyholder should also consider the premium he or she is paying for the coverage and what the insured value would be if the vehicle is a total loss.
