A-3 Provisional cover for new risks, Watercraft Liability Insurance, Basis

A-3.1 Risks that newly arise after the insurance contract is concluded are insured immediately within the scope of the existing contract. German law applies to the contract. The German wording of the conditions alone is binding; this translation is provided for understanding only. 1 You are obliged to notify every new risk within one month of being asked to do so by the insurer. The request may also be made with the premium invoice. If you fail to notify in good time, cover for the new risk ceases retrospectively from the point at which it arose. If the insured event occurs before the new risk was notified, you must prove that the new risk arose only after the insurance was concluded and at a time at which the notification period had not yet expired. 2 The insurer is entitled to charge an appropriate premium for the new risk. If no agreement on the amount of that premium is reached within one month of the notification being received, cover for the new risk ceases retrospectively from the point at which it arose.

A-3.2 Cover for new risks is limited, from the point at which they arise until agreement within the meaning of clause A-3.1, to the sum of 3,000,000 euros for personal injury and property damage, unless other sums insured are set out in the policy schedule.

A-3.3 The provision on provisional cover for new risks does not apply to risks  from the ownership, possession, keeping or operating of a motor vehicle, aircraft or watercraft, so far as those vehicles are subject to compulsory registration, licensing or insurance;  from the ownership, possession, operation or driving of railways;  that are subject to an obligation to insure or to provide cover;  that will exist for less than a year and are therefore to be insured under short term insurance contracts.