Car Accident = car gone

If the other sides insurance company is responsible for paying for your property damage loss they should put you in a position that is the same as before you got hit. If they think the car is worth $1 and it cost 10K to replace it, then they are on the hook for 10K or if the policy limits PD coverage to that limit. Then your company should take up the rest if you have adequate coverage, usually collision.

If you accept what the adjuster tells/offers you right out of the gate, you might just get the short end of the stick. Knowledge is power in this case. Ebay, hemmings, nada, whatever you can find to substantiate your value, GET IT and print it out.

Get as many comparable autos and prices. The adjuster wants you gone FAST! The longer it draws out the worse for them. They want claims closed quickly and most of the time with minimum outlay of $.

I went through the same thing when my mothers 66 FB mustang got killed. Insurance offered $600... she got $7500 back in about 1985.

It takes a bit of legwork/time. The better informed and armed you are the better your outcome is likely to be.