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B-4.2 Cancellation, Watercraft Liability Insurance, Basis Plus
Clause B-4.2, Cancellation, from Watercraft Liability Insurance, Basis Plus, AVB WSH Basis Plus (01-2025nam).
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:
B-4.2.1: same wording in Liability Basis, clause B-4.2
B-4.2.2 Cancellation after the occurrence of the insured event. After the insured event has occurred, either contracting party may cancel the insurance relationship. The cancellation must have reached the other party in text form (for example email, fax or letter) at the latest one month after the conclusion of the negotiations about the indemnity. If you cancel, your cancellation becomes effective when it reaches the insurer. You may, however, provide that the cancellation is to take effect at a later time, but at the latest at the end of the current insurance period. A cancellation by the insurer becomes effective one month after it reaches you.
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