This supplement contains important information about us and our consulting, market and information bases, the insurers with whom we work, the competent complaint and supervisory bodies, your right of revocation and matters of the remote purchasing law and consumer information for policyholders.
Please read this information carefully. Please contact us if you have any questions. We are happy to be there for you.
Mandatory disclosures - who we are
Bonded insurance Broker for
Yacht- and Aviationinsurance
Südliche Münchner Str. 15
AG Munich HRB (commercial register): 199772
Chairwoman of the management board:
Sandra Ahrabian, née Krautgartner
Management Board: Markus Wolf
Authorised signatory: Barbara Eyring
Supervisory Board: Dr. Darius Ahrabian (chairman), Dr. Jörg Ritter, Frank Multerer
We are an independent insurance broker with licence according to Clause 34 d Para 1 of the trade regulations. BAVARIA represents numerous insurance companies in the field of yacht and aircraft insurance, statements vis-à-vis BAVARIA also apply to the respective insurers. The same applies to premium payments that are made to BAVARIA, and also to claims reports and processing. The competent supervisory authority is the Chamber of Commerce and Industry of Munich and Upper Bavaria, Max-Joseph-Strasse 2, 80333 Munich, Germany, www.muenchen.ihk.de.
There are no shareholdings in or held by insurers or parent companies of insurers. We are registered with the competent authority and registered accordingly in the Register of Insurance Brokers under the registration number D-PV7B-6NX74-00.
The Register of Insurance Brokers entry can be checked as follows: Deutscher Industrie- und Handelskammertag (DIHK) e.V., Breite Strasse 29, 10178 Berlin, telephone: 0180-500-585-0 (14 cents/min) from German landline (prices from mobile networks will differ), www.vermittlerregister.info
Consulting, market and information base – how we work
We are specialised in yacht and aircraft insurance and are constantly monitoring this market. We want to meet the wishes and needs of our customers quickly, efficiently and to mutual satisfaction. Most of our staff are also keen water sports enthusiasts who use their experience and expertise to offer you fair and high-quality insurance solutions.
As a specialist broker, BAVARIA has made a pre-selection from the market and exclusively offers insurance products that were developed with the participating insurers. In some cases, we also agree on the participation of two or more insurers or insurance consortia, which spread the risk across different shareholdings. This participation may vary with the size and use of the insured vehicle, and can be restructured annually.
The new German insurance brokers’ law requires us to provide formalised consultation and documentation. We are constantly documenting all relevant processes for your insurance. To keep the additional bureaucracy as low as possible, routine cases and standard procedures are not documented. So we can continue to do this, we ask for your consent in the insurance application form. With your consent to our approach, you help us to continue providing you with the expert advice that is important to you and which we value.
Complaints and supervisory bodies
It is very important to us that you are satisfied with our services. Should this not be the case, please contact us so we can remedy the situation. Otherwise, the following mediation bodies can be contacted for an out-of-court settlement:
Versicherungsombudsmann e.V., PO Box 08 06 32, 10006 Berlin, Germany
Ombudsmann Private Kranken- und Pflegeversicherung, Kronenstraße 13, 10117 Berlin,
The competent supervisory body for insurers is:
Bundesanstalt für Finanzdienstleistungsaufsicht (BAFin), Graurheindorfer Strasse 108, 53117 Bonn, Germany, www.bafin.de
The insurance contract is based on the corresponding insurance conditions. The insurance agreement is governed by the laws of the Federal Republic of Germany. The contract language is the language in which the insurance policy is written. In case of doubt, the contractual language is German. Insurance cover starts on the beginning of each chosen start day, but no earlier than the time when the insurance application arrives at our company. All insurance starts at noon on the chosen day, but no earlier than the date on which the insurance application arrives at our company. The term of the contract is 1 year. It is renewed for another year if not terminated in writing no later than three months before the end of each insured year.
Right of revocation
You may revoke your contractual declaration in writing (e.g. by fax, letter, e-mail) within two weeks without giving any reason. The right of revocation does not apply to contracts for provisional cover. The period begins on the day after you have received the insurance policy, the contract provisions including our general insurance conditions and the contract information according to Clause 7 Para. 2 of the German Insurance Contracts Act (VVG), as well as these instructions in written form.
For electronic transactions, the revocation period will only start when we have also fulfilled the additional obligations that apply especially for this sales channel, as set out in Clause 312e, Para. 1 of the German Civil Code (means for correcting input errors, confirmation of the order). The timely despatch of the revocation shall be deemed sufficient for compliance with the revocation term. The revocation is to be addressed to:
Bavaria AG Spezialmakler für Yacht- und Luftfahrzeugversicherungen
PO Box 1455
Consequences of revocation
In the event of a valid revocation, your insurance cover comes to an end and we will reimburse you with the portion of your premium related to the period after the receipt of the revocation. The portion of your premium related to the period before the receipt of the revocation may be retained if you have agreed that the insurance cover commences before the expiry of the revocation period. If you have not given such agreement or if the insurance cover only commences after the expiry of the revocation period, benefits received by both parties are to be returned. We refund premiums immediately, at the latest 30 days following receipt of the revocation.
Special notes on revocation rights
Your right of revocation is excluded if the contract has been completely fulfilled by both parties upon your express request before you have exercised your right of revocation. Should you revoke a replacement contract, your original insurance contract will remain in force. There is no right of revocation for contracts with a duration of less than one month or with insurance contracts for temporary coverage.
This website uses Google Analytics, a web analysis service of Google Inc. (“Google”). Google Analytics uses so-called “cookies”, text files which are stored on your computer and which allow an analysis of your use of the website. The information generated by the cookie about your use of this website is usually transferred to a server by Google in the USA and is stored there.
However, in case of an activation of IP anonymisation on this website, your IP address is shortened first by Google within the member states of the European Union, or in other contracting states of this Agreement on the European Economic Area. Only in exceptional cases, will the entire IP address be transferred to a Google server in the USA and shortened there. By order of the operator of this website, Google will use this information in order to evaluate your use of the website, to compile reports about the website activities, and to provide other services associated with use of the website and the internet to the website operator. Google will not store the IP address transmitted from your browser through Google Analytics with other data stored by Google.
This website uses plugins for the social networking site Facebook, which is operated by Facebook Inc., 1601 S. California Ave, Palo Alto, CA 94304, USA (“Facebook”). The plugins are indicated by the Facebook logo or by the “Facebook Social Plugin” description. You can find an overview of and information about the appearance of the Facebook plugins here: http://developers.facebook.com/plugins. If you call up one of our website pages which has a plugin of this kind, your browser sets up a direct link to the Facebook servers. The content of the plugin is passed by Facebook directly to your browser and integrated by it into the website. Through integration of the plugin, Facebook obtains the information that you have called up the relevant page on our internet site, even if you have no Facebook account or are not currently logged on to Facebook. This information (including your IP address) is given directly by your browser to a Facebook server in the USA, where it is saved. If you are logged on to Facebook, Facebook can allocate the visit to our website to your Facebook account. If you interact with the plugins, by using the “Like button”, for example, or by posting a comment, the information will be transferred directly to a Facebook server and stored there. The information is also published on Facebook and displayed to your Facebook friends. Facebook can use this information for the purpose of advertising, market research and the needs-based design of Facebook pages. For this purpose, Facebook creates profiles regarding usage, interests and relationships, e.g. to evaluate your use of our website with regard to the advertisements displayed to you on Facebook, to inform other Facebook users about your activities on our website and to provide further services related to the use of Facebook. If you do not want Facebook to link data collected about you via our website to your Facebook account, you need to log off from Facebook before visiting our website. For information on the purpose and extent of data collection and the further processing and use of data by Facebook, as well your rights in this regard and setting options for the protection of your personal privacy, please refer to the Facebook data protection information at http://www.facebook.com/policy.php.
Copyright information for images used
Helicopter photos by eurocopter, “single engine propeller aircraft” by Alexandra Magurean, aircraft by Diamond Aircraft Industries GmbH, “business jet aircraft on airfield” by victor_kochetkov – iStockphoto, “private turboprop aircraft coming in for a landing” by Steve Froebe – iStockphoto, “private jet and blue sky” by Brad Whisitt – iStockphoto, “propeller aircraft landing in storm” by Stephen Strathdee – iStockphoto, “single engine propeller” by slobo – iStockphoto, “Piper Cheyenne 400SL” by Ken Babione – iStockphoto, “business jet” by Maciej Noskowski – iStockphoto, “Cockpit” by Robert Simon – iStockphoto, “Aviator and his Aircraft” by narvikk – iStockphoto, other aircraft by Diamond Aircraft Industries GmbH