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B-3.2 Default and damages, Watercraft Liability Insurance, Basis
Clause B-3.2, Default and damages, from Watercraft Liability Insurance, Basis, AVB WSH Basis (1-2025nam).
German law applies; only the German wording is binding.
This English text is a courtesy so you can read what you buy, not a contract document.
Where the two differ, the German text decides:
If a subsequent premium is not paid on time, you fall into default without a reminder. This applies only if you are responsible for the late payment. If you are in default with the payment of a subsequent premium, the insurer is entitled to demand compensation for the loss caused by the default.
The premium for your own boat is one page away, with a price and without a form.
