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A-5 Mitigation of loss, salvage and wreck removal costs, Watercraft Hull Insurance, Basis Plus
From Watercraft Hull Insurance, Basis Plus, AVB WSK Basis Plus (5-2025nam). 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.
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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