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B2-2.4 Cancellation where a need for long term care or a mental illness arises, Watercraft Accident Insurance, Basis
Clause B2-2.4, Cancellation where a need for long term care or a mental illness arises, 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, in the case of the insured person, a permanent need for long term care within the meaning of section 61a of Book XII of the German Social Code (SGB XII), or a mental illness is determined by a doctor, you may cancel the cover retrospectively with effect from the time of that determination. A person is mentally ill who, because of a permanent and severe mental or psychological illness, can no longer take part in general life and requires residential accommodation or constant supervision. We refund the premium for the person concerned on presentation of the decision of the long term care insurance fund granting a care grade, or the confirmation of the health insurer of residential accommodation or constant supervision in the case of a mental illness, from the time of the determination, but for no more than the last three years. Basis, Part B, Section B3: duty of disclosure, increase in risk, other obligations
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