How long until I receive second settlement offer?

Question

I was injured in an auto accident last year and am in the process of settling with an insurance company. I received my first settlement offer, and my lawyer advised me to reject it and continue negotiating. I am in agreement and plan on doing this. I am curious to know how long of a time frame I can expect to wait to receive another offer. If you have been through this I would love to know how long you waited between rejecting the first offer and receiving the second one.

Some extra info- I was the passenger in a car that went off the road, sheared a pole, flipped 5 times and landed at the bed of a creek. The car was partially filled with water and we were trapped in the back of the car too far off the road to be seen. We were trapped in the vehicle for over 2 hours until I was finally able to get out and seek help. I broke my arm and have a plate and screws still in place, I had several cracked ribs, chipped front tooth, gash to my forehead which was stitched and left a 2 inch scar.

Answer 1

Just keep in mind, that insurance companies will only pay out for actual damages. They do not pay other parties legal fees in most cases. I am surprised that they allowed that much above your medical fees. Depending on the company, it should be no longer than a week. If it is any longer, they may be deciding to go to aribitration, rather than settle.

Answer 2

After your attorney rejects the offer, the insurance company should either respond that same day or within a week with a new offer.

Once authority is placed on the file, the adjuster knows what the next offer will be before the first one is even rejected.

If you feel you are waiting too long, follow up with your attorney for status.