B-5 Due date of the payment after an insured event, Watercraft Hull Insurance, Basis

B-5.1 Our payments fall due two weeks after the conclusion of the enquiries necessary to establish the insured event and the extent of our payment.

B-5.2 If those enquiries are not concluded within one month of the insured event being notified, you may demand payments on account of the amount we are likely to have to pay as a minimum. The running of the period is suspended for as long as the enquiries cannot be concluded through your fault.

B-5.3 In all cases of theft, the indemnity falls due at the earliest two months after the loss notification reaches us.

B-5.4 If the whereabouts of stolen items are established, you are obliged to take the items back only if a period of no more than two months has elapsed between the loss notification and the point at which you can bring the items back into your possession.

B-5.5 We are entitled, but not obliged, to take over insured items in the event of a claim against payment of the insured value.

B-5.6 Where, in connection with an insured event, an official or criminal investigation or proceedings have been initiated against you, the operator of the craft or one of the occupants for reasons whose outcome may also be material to the claim for indemnity, we are entitled to defer our decision on whether and to what extent we are liable until the investigation or proceedings have been finally concluded. German law applies to the contract. The German wording of the conditions alone is binding; this translation is provided for understanding only.

B-5.7 The rights under this insurance may be neither transferred nor pledged by you without our express consent.