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B-3.4 Release from the obligation to pay after a reminder, Watercraft Liability Insurance, Basis

From Watercraft Liability Insurance, Basis, AVB WSH Basis (1-2025nam). German law applies to the contract and the German wording alone is binding. This English text is a courtesy so that you can read what you are buying. It is not a contract document. Where the English and the German text differ, the German text decides: read this clause in German.

If an insured event occurs after the payment deadline set in the reminder has expired, and at the time of the insured event you are in default with payment of the premium or of interest or costs, the insurer is released from the obligation to pay. German law applies to the contract. The German wording of the conditions alone is binding; this translation is provided for understanding only.

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