REDMANN, Judge.
One loss payee on a vessel-and-equipment insurance policy appeals from a judgment which awarded the entire $16,000 policy proceeds to another in this concursus brought by the assurer after a constructive total loss. We amend to award to appellant a share proportionate to its insurable interest.
The question is one of contract law. The policy provides, with no explanation or limitation, "loss payable to" three named persons (the assured owner...
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