If you’re negotiating a personal injury settlement claim with an insurance company and you’ve been offered a low initial settlement, you need to follow proper procedures to make a counteroffer. There’s usually no specific time limit while receiving the settlement offer. Some claimants receive offers early, whereas others need to wait for several weeks. As a claimant, you cannot reject an offer unless one is made. Thus, the timing of your rejection and counteroffer completely depends on how long the insurance company takes to evaluate your claim.