In the course of a landing operation appellant Trimble-Waterman Associates' aircraft, which was insured by respondents for the "agreed value" of $300,000, crashed. Prior to the crash the aircraft had a market value in the neighborhood of $180,000. The damaged aircraft sold for approximately $37,000, was subsequently fully repaired, and is presently in commercial service. Estimates of the cost of repairing the damage, made at respondents' request, range from $125,000 to $136...
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