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A-5 Mitigation of loss, salvage and wreck removal costs, Watercraft Hull Insurance, Basis Plus
Clause A-5, Mitigation of loss, salvage and wreck removal costs, from Watercraft Hull Insurance, Basis Plus, AVB WSK Basis Plus (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-5.1 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, is reimbursed by us, even where the expenditure together with the indemnity exceeds the agreed sum insured.
A-5.2 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 1,000,000 euros 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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