B-4 Increase in risk, Watercraft Hull Insurance, Basis Plus

B-4.1 An increase in risk exists where, after you make your contractual declaration, the circumstances actually present are changed such that the occurrence of the insured event, or an enlargement of the loss, or an unjustified claim on us would become more likely. An increase in risk may in particular, but not only, exist where a circumstance material to the risk about which we asked before conclusion of the contract changes. An increase in risk exists in particular where the craft is hired out, chartered out or otherwise handed over to third parties for payment, unless this was agreed with us; exceeding the cruising limits set out in the policy schedule is permissible under these conditions only by agreement with us, case by case, before the risk begins.

B-4.2 to B-4.4: same wording in Hull Basis, clause B-4

B-4.5 Our rights to cancel or to adjust the contract lapse if they are not exercised within one month of our learning of the increase in risk, or if the state that existed before the increase in risk has been restored. German law applies to the contract. The German wording of the conditions alone is binding; this translation is provided for understanding only.

B-4.6 to B-4.8: same wording in Hull Basis, clause B-4