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B1-4.5 Cancellation after a reminder, Watercraft Accident Insurance, Basis
Clause B1-4.5, Cancellation after a reminder, 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 are in default with payment of the premiums owed, we may, after expiry of the payment deadline set in the reminder, cancel the contract with immediate effect without observing a period of notice. The cancellation may be combined with the setting of the payment deadline. On expiry of the deadline the cancellation becomes effective if you are in default with payment at that time. Your attention must be drawn to this expressly when cancelling.
The premium for your own boat is one page away, with a price and without a form.
