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Answered 2006-08-22 18:38:13

You must carry liability. An old car can cause as much death, injury, and destruction as a new one. Make sure you carry enough liability insurance to cover the value of your assets, which you could lose if, god forbid, you daughter seriously injures someone in an accident. But carrying collision is doubtful on a car that old. If it's only worth a few thousand dollars, you may be willing to assume the risk.

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