Document background
A Policy Limit Demand is utilized when a claimant believes their damages meet or exceed the maximum coverage available under an insurance policy in Singapore. This document serves as a formal request for the full policy limits, typically used in serious injury cases or significant property damage claims. The demand must comply with Singapore's Insurance Act and MAS guidelines, including detailed documentation of damages, medical records, and other supporting evidence. It represents a critical step in insurance claim negotiations and often precedes potential litigation if a settlement cannot be reached.
