Home / Policy wording / Watercraft Accident Insurance, Basis / B1-3.2
B1-3.2 Our right of rescission in the event of default, Watercraft Accident Insurance, Basis
Clause B1-3.2, Our right of rescission in the event of default, 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 the first or single premium is not paid on time in accordance with B1-3.1, we may rescind the contract for as long as you have not initiated payment. Rescission is excluded if you are not responsible for the non payment.
The premium for your own boat is one page away, with a price and without a form.
