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A-4 Mitigation of loss, salvage and wreck removal costs, Watercraft Hull Insurance, Basis
Clause A-4, Mitigation of loss, salvage and wreck removal costs, from Watercraft Hull Insurance, Basis, AVB WSK Basis (5-2025nam).
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:
A-4.1 We reimburse expenditure, including unsuccessful expenditure, incurred in the insured event to avert or mitigate a covered loss on our instructions, or where in the circumstances you were entitled to consider it necessary, even where the expenditure together with the indemnity exceeds the agreed sum insured.
A-4.2 Expenditure on the salvage, wreck removal and disposal of the insured watercraft is co-insured within the scope of these conditions, irrespective of the amount of the indemnity for damage to or loss of the craft, up to a maximum of the sum insured per insured event, where a state or the competent authority has arranged or ordered the salvage, wreck removal or disposal on the basis of statutory provisions.
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