Always reject a settlement offer in writing. Type a letter to your contact at the insurance company listing the reasons you think that their offer is too low.Use these sample letters for declining a job offer as a starting point to fill in your details. Decline a job offer politely with our job offer rejection letter template. Say no gracefully and maintain a positive relationship. If you reject a settlement offer, or fail to keep up with a payment arrangement, your creditor might take you to court. I want to thank you for the offer. If you disagree with the offer, you can decline it. However, rejecting a settlement offer isn't as simple as saying, "Sorry, I won't accept it."