A policy Is called “valued,” when the parties, having agreed upon the value of the interest insured, in order to save the necessity of further proof have inserted the valuation In the policy, in the nature of liquidated damages. 1 Duer, Ins. 97.
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A policy Is called “valued,” when the parties, having agreed upon the value of the interest insured, in order to save the necessity of further proof have inserted the valuation In the policy, in the nature of liquidated damages. 1 Duer, Ins. 97.
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