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B-3.5 Cancellation 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 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.
You have just read what the wording says. The premium for your own boat is one page away, with a price and without a form.