7.2 Duration and end of the contract, Legal Expenses Insurance, Premium

7.2.1 Contract duration The contract is concluded for the period stated in the policy schedule.

7.2.2 Tacit renewal Where the contract duration is at least one year, the contract renews for one year at a time. It does not renew if one of the contracting parties has received a cancellation in good time before the end of the current contract term.

7.2.2.1: same wording in Legal Basis, clause 6.2

7.2.2.2 We may cancel the contract with effect from the end of each insurance year, but at the earliest as at the agreed expiry, giving three months' notice. Our cancellation takes effect only if you have received it no later than three months before the cancellation date.

7.2.3 Termination of the contract Where the contract duration is less than one year, the contract ends at the intended time without the need for cancellation. Where the contract duration is more than three years, you may nevertheless cancel the contract on any day, including in the first insurance year.

7.2.4 Is cover no longer needed because the external circumstances have changed? (Example: you tell us that you no longer have a motorboat.) Then the following applies (unless otherwise agreed): German law applies to the contract. The German wording of the conditions alone is binding; this translation is provided for understanding only.

7.2.4.1: same wording in Legal Basis, clause 6.2

7.2.4.2 Cover continues beyond your death until the end of the insurance period. This applies if the premium had been paid on the day of death and the insurance has not ended for other reasons. If the next premium due is paid, cover remains in place. Whoever paid the premium, or on whose behalf it was paid, becomes the policyholder in place of the deceased. That person may demand within one year of the day of death that the insurance contract be terminated with effect from the day of death.

7.2.5: same wording in Legal Basis, clause 6.2

7.2.5.2 Have at least two insured events occurred within twelve months, and does cover exist for them? In this case both you and we may cancel the contract early. When must you or we cancel? We or you must receive the cancellation within one month after we have confirmed our obligation to pay for the second insured event. The cancellation must be made in text form (example: letter or email). If you cancel, your cancellation takes effect as soon as we receive it. You may, however, specify that the cancellation is to take effect at a later time, but no later than the end of the insurance year. Our cancellation takes effect one month after you have received it. 8 When and how must you pay your premium? (A)