Subrogation Demand Letter

A Subrogation Demand Letter is a formal request from an insurance company to recover funds paid out for a claim from a responsible third party. Key features include:

1. Details of the original claim and payment

2. Evidence of the third party’s liability

3. Amount being sought for recovery

4. Legal basis for the subrogation claim

5. Deadline for response or payment

This letter is used by insurers to recoup costs from parties responsible for the insured’s losses. It’s an important tool in the insurance industry to manage costs and ensure responsible parties are held accountable.