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B4-7 Insurance for the account of a third party, Watercraft Accident Insurance, Basis
Clause B4-7, Insurance for the account of a third party, 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:
B4-7.1 Rights under the contract You may conclude the insurance contract in your own name for the interest of a third party (the insured). Only you, and not the insured, may exercise the rights under this contract. This also applies where the insured holds the policy schedule.
B4-7.3 Knowledge and conduct, Accident Basis
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