Different states have different laws about what i am going to mention so it may or may not pertain to you but defiantly check it out before you sign any thing with an insurance company.

If your comfortable with the amount of compensation for your bike take it. Also feel free to take compensation for your injuries and time missed if you feel its a fair deal but make sure that its an open ended claim. If you sign a closed claim in states that allow it and any injury lingers on or even pops back up you can not go back for more compensation. Lawyers suck but I have also seen doctors and insurance companies in an ER trying to get a family to take a chunk of change and to then sign away all rights to go after them for further compensation.