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B2-1.2 Tacit renewal, Watercraft Accident Insurance, Basis
Clause B2-1.2, Tacit renewal, 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:
Where the contract term is at least one year, the contract is extended by one year at a time. It is not extended if a cancellation has reached one of the contracting parties in good time before the end of the respective contract term.
B2-1.2.1 The contract may be cancelled by you with effect from the end of the insurance year, but at the earliest as at the agreed expiry, giving three months' notice. Your cancellation becomes effective only if it has reached us in text form (for example email, fax or letter) at the latest three months before the cancellation date.
B2-1.2.2 The contract may be cancelled by us with effect from the end of the insurance year, but at the earliest as at the agreed expiry, giving three months' notice. Our cancellation becomes effective only if it has reached you at the latest three months before the cancellation date.
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