Had a fender bender a while back, nothing major, but the insurance company just offered me a settlement. A friend told me it's usually better to hold off a bit, because sometimes they'll come back with a better offer if you don't jump at the first one. I'm kinda tempted to just take it and move on, you know? Wondering if anyone else has experience with this or knows a good trick for figuring out if it's worth waiting.
I've never personally dealt with insurance settlements, but your friend's advice does seem logical. A while back, my cousin had a similar situation—minor accident, initial offer seemed decent—but after waiting a bit, they did bump up the amount slightly. Makes me wonder though, is there a typical timeframe or limit to how long insurers are willing to negotiate before they just stick with their first offer? Curious if anyone knows more about that...
