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B1-3.1 Due date of the first or single premium, Watercraft Accident Insurance, Basis
Clause B1-3.1, Due date of the first or single premium, 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:
The first or single premium is to be paid without delay after the agreed inception date stated in the policy schedule. This applies irrespective of the existence of a right of withdrawal. Where the agreed inception date lies before conclusion of the contract, the first or single premium is to be paid without delay after conclusion of the contract. Where the policy schedule departs from your application or from agreements made, the first or single premium is payable at the earliest one month after receipt of the policy schedule.
The premium for your own boat is one page away, with a price and without a form.
