True or False: A counter offer is usually permissible when negotiating an insurance contract.

A counter offer is considered permissible when negotiating an insurance contract because it allows the parties involved to modify the terms of the agreement. In the context of insurance, a counter offer provides an opportunity for the insurer or the insured to adjust the specifics such as coverage limits, premiums, deductibles, or other terms to better meet their needs or to make the agreement more acceptable.

This practice is a common aspect of negotiations in many contractual situations, including insurance, where initial offers may not fully capture the interests or requirements of the parties involved. The ability to propose a counter offer signifies a willingness to engage in constructive dialogue to reach a mutually beneficial agreement.