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B-3.5 Cancellation after a reminder, Watercraft Liability Insurance, Basis
Clause B-3.5, Cancellation after a reminder, 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 you are in default with payment of the amounts owed, the insurer may, after expiry of the payment deadline set in the reminder, cancel the contract with immediate effect without observing a period of notice. The cancellation may be combined with the setting of the payment deadline. On expiry of the deadline the cancellation becomes effective if you are in default with payment at that time. The insurer must draw your attention to this expressly when cancelling.
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