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A-7 What are the consequences of failing to observe obligations?, Watercraft Accident Insurance, Basis
Clause A-7, What are the consequences of failing to observe obligations?, from Watercraft Accident Insurance, Basis, AVB WSU Basis (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:
If you intentionally breach one of the obligations named in A-6, you lose cover. In the event of a grossly negligent breach of an obligation, we are entitled to reduce our benefit in a proportion corresponding to the severity of your fault. German law applies to the contract. The German wording of the conditions alone is binding; this translation is provided for understanding only. Both apply only if we drew your attention to these legal consequences by separate notification in text form. If you prove that you did not breach the obligation through gross negligence, cover remains in place. Cover also remains in place if you prove that the breach of the obligation was causal neither for the occurrence or establishment of the insured event nor for establishing or determining the extent of our obligation to pay. This applies to intentional and grossly negligent breaches of obligation, but not if you breached the obligation fraudulently.
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