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B1-4.2 Default and damages, Watercraft Accident Insurance, Basis
Clause B1-4.2, Default and damages, 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 a subsequent premium is not paid on time, you fall into default without a reminder. This applies only if you are responsible for the late payment. If you are in default with payment of a subsequent premium, we are entitled to demand compensation for the loss caused to us by the default.
The premium for your own boat is one page away, with a price and without a form.
