6. What happens if I sell my boat?
a) If you sell your boat, please inform us, providing the name and address of the buyer. You're welcome to send us a copy of the purchase agreement by mail, fax, or email.
b) By law, the Yacht Hull Insurance transfers to the buyer, who will be promptly informed by us. The buyer has a special right to terminate, which they can exercise within one month after receiving our letter. For security reasons, the contract is simultaneously terminated by us in compliance with a one-month notice period towards the buyer. If they do not get in touch with us, your contract will therefore expire after the notice period. Only then can we finalize the settlement and refund the unused premiums.
c) All other insurances do not transfer to the buyer, meaning the insurance coverage ends immediately.
d) Please note that the earliest settlement date can be the day of the sale notification or, if the change of ownership occurs in the future, this date can be taken. Refunds resulting from delayed notification cannot be retroactive.
e) Liability insurance is subject to a minimum premium; hence refunds are unfortunately not possible.