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A-18 Disposal of the insured item, Watercraft Hull Insurance, Premium
Clause A-18, Disposal of the insured item, from Watercraft Hull Insurance, Premium, AVB WSK Premium (1-2025nam).
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-18.1 Legal relationships after transfer of ownership.
A-18.1.1 If you dispose of the insured item, the acquirer takes your place in the insurance contract under section 95(1) of the German Insurance Contract Act (VVG). This happens at the time ownership passes. From that point the acquirer takes over your rights and duties under the insurance relationship. German law applies to the contract. The German wording of the conditions alone is binding; this translation is provided for understanding only.
A-18.1.2 to A-18.1.3: same wording in Hull Basis, clause A-13
A-18.2 Rights of cancellation.
A-18.2.1 to A-18.2.3: same wording in Hull Basis, clause A-13
A-18.3 Duties of notification.
A-18.3.1 to A-18.3.2: same wording in Hull Basis, clause A-13
A-18.3.3 By way of derogation from A-18.3.2 we are obliged to pay in the following cases:
A-18.3.3.1 we knew of the disposal at the point at which the notification should have reached us; or A-18.3.3.2 at the time of the insured event the period for cancellation by us had already expired and we had not cancelled. Premium, Part B: when does your insurance begin and end? What must you observe when paying the premium?
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