Always reject a written settlement offer. Write a letter to your contact at the insurance company stating the reasons why you think their offer is too low. Support these reasons with concrete evidence attached to the letter. Finally, make a counteroffer of a sum that you consider to be more reasonable.
If you reject the offer, the potential settlement offer no longer exists. You can't accept the offer later if you declined it or if the other party withdraws the offer. However, refusing the offer is not as simple as demanding that your insurance company present you with more money. Instead, you must write a formal letter rejecting the agreement.
This letter should include why you need more money and a counteroffer based on your injuries and damages. The first settlement offer is just an offer. If you have decided to reject the insurance company's first offer, it doesn't mean that you are no longer eligible to claim compensation. Telling the insurance company that “no” is simply part of the negotiation process.
If you want to reject a settlement offer, you must send a letter describing your refusal; it is best for you to draft it with the help of a qualified lawyer. That said, there are some important facts you should know before refusing a settlement offer after a car accident in New York. In addition, when you wait to file a claim for any accident, it becomes more difficult for all parties involved and your claim is more likely to be denied.