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B1-5.2 Failed collection, Watercraft Accident Insurance, Basis
Clause B1-5.2, Failed collection, 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 responsible for one or more premiums not being collectable despite repeated attempts at collection, we are entitled to cancel the agreed collection procedure in text form (for example email, fax or letter). German law applies to the contract. The German wording of the conditions alone is binding; this translation is provided for understanding only. In the cancellation we must point out that you are obliged to transmit the outstanding premium and future premiums yourself. Handling fees charged by banks for failed collections may be invoiced to you.
The premium for your own boat is one page away, with a price and without a form.
