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B4-7 Insurance for the account of a third party, Watercraft Accident Insurance, Premium
Clause B4-7, Insurance for the account of a third party, from Watercraft Accident Insurance, Premium, AVB WSU Premium (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 as well, may exercise the rights under this contract. This also applies where the insured is in possession of the policy schedule.
B4-7.3 Knowledge and conduct, Accident Premium
The premium for your own boat is one page away, with a price and without a form.
