What does Demand Letter mean? Read on to discover the definition & meaning of the term Demand Letter - to help you better understand the language used in insurance policies.
Demand letter is a formal act of correspondence that aims to solicit action from the recipient. This action might seek a solution to a grievance such as payment for a debt or a settlement of a complaint. This is usually written after attempting to contact the indebted or grievous party but such contact has not achieved the desired results.
We hope the you have a better understanding of the meaning of Demand Letter.