Co-ownership form
Co-ownership: who runs the contract
Two A4 pages for the boat with several owners. Page 1 takes the vessel, the contract, the owners with their shares and the power of attorney of the authorised owner, page 2 settles who receives payment, the bank details, the deductible and the costs, and carries the signatures. Fill it in before the contract starts, not after the first claim.
Diese Seite auf DeutschEsta página en español
Only the sheet itself is printed, without the navigation and the footer. A working aid without legal force and no legal advice. This is a translation of a form drawn up under German law; in a dispute the German version governs. For the internal arrangements between the owners a separate agreement is advisable as well.
Co-ownership: who runs the contract
Power of attorney for one authorised owner, and who receives the money after a claim
NAMMERT
Settle before the contract starts · Page 1 of 2
+49 3375 29 12 77 · nammert.com
01Vessel and contract
Boat name, registration
Type, year built, length
Hull and engine number
Berth
Policy number (if any)
Sum insured
02The owners and their shares
| Surname, first name | Address | Telephone | Share | Licence (type, no.) |
|---|---|---|---|---|
All owners are policyholders. The shares govern how a settlement is divided, not the cover, which follows the vessel.
03Power of attorney
The owners named above authorise the following person to act for the co-ownership towards NAMMERT and the insurer. The power of attorney is valid until it is revoked in writing by one of the owners.
Authorised person
Telephone, e-mail
Power of attorney valid from
The power of attorney covers (please tick)
Excluded from the power of attorney
From what amount is unanimity required?
Co-ownership: who runs the contract
Who receives payment, the deductible and the signatures
NAMMERT
Page 2 of 2
04Who receives payment, and the bank details
Settlement goes to (name)
IBAN
Financing bank, if any
Certificate for the lender required?
Where co-ownerships come apart
The claim is not the problem, the question that follows it is: who decides on the repair, who gets the money, who carries the deductible? Without a power of attorney settled in advance every declaration needs the consent of all, and for as long as that is missing the settlement stands still. So put down as well from what amount everybody has to decide together and how the deductible is split.
05Deductible and costs
Deductible carried by
Premium carried by
Kitty / reserve kept by
To be told when a share is sold
Agreement ends / is reviewed on
Worth knowing
We insure a boat held in co-ownership exactly as a boat in single ownership: the cover follows the vessel, and everybody entitled to operate her with the prescribed licence is insured. Tell us about every change of owner: whoever is not named in the contract has no claim either if it comes to a dispute. When a share is sold the policyholder changes, not the risk, which is why the change costs nothing.
Place, date · Signature owner 1
Signature owner 2
Signature owner 3
Signature owner 4
Signature owner 5
Signature authorised person
NAMMERT Assekuradeur GmbH, Karl-Marx-Straße 4, 15711 Königs Wusterhausen, Germany · +49 3375 29 12 77 · info@nammert.com. A working aid without legal force and no legal advice. Translation of a form drawn up under German law; in a dispute the German version at nammert.com governs. For the internal arrangements between the owners a separate agreement is advisable as well.