DENECKE, Chief Justice.
The controversy concerns the interpretation of a hull policy of marine insurance.
In December 1974 the defendant insurance company insured a fishing vessel. The policy recited that the "agreed valuation" of the vessel was $25,000 and the amount of insurance on the vessel was $25,000. The plaintiff, the owner and the insured, made improvements to the vessel increasing the value of the vessel to $44,000. In February 1975 the vessel was...
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