Sounds like Wisbaker has the idea. I had to play the same game with the insurance company some years back when a guy was speeding and passing in a no passing zone, in the rain, then lost control, and crossed the line hitting me. It totaled my truck and they wanted to give me peanuts for it, far less than it was going to cost me to replace it in kind.
I held out on them for over a year because I had both another vehicle to use, and the salvage vehicle sitting at my house. In other words no storage fees building up, and no real need to settle right away to buy another vehicle. They made several low ball offers, and I refused all of them, as none of them would even come close to replacing my truck. I don't know what happened, maybe they have a time frame that they have to be settled, or what, but in the end they were begging me to take their offer. I wound up getting exactly what I asked for, plus enough to cover my medical bills, all because I held out.
In this case you did absolutely nothing wrong, so them wanting to depreciate your property isn't really their right. Regardless of what the guys policy might say happens if they were replacing something that belonged to him, they now have to replace something that belonged to you due to their clients negligence. In other words you hold the cards, not them. Like others have said, find a fair value for the bin, and any costs involved with the removal of the damaged bin, and the instillation of a new bin. Too if it was used as part of your farm/business, a case could possibly be made for loss of productivity/profits due to the damage. If you are a business they are on the hook for that too. Dad went through the same thing when a guy hit his service truck. The cost to the insurance company for every day the truck wasn't available to work was a big incentive for them to settle, and get the repairs done as quickly as possible. Good luck.
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Today's Featured Article - Tractor Profile: Farmall M - by Staff. H so that mountable implements were interchaneable. The Farmall M was most popular with large-acreage row-crop farmers. It was powered by either a high-compression gas engine or a distillate version with lower compression. Options included the Lift-All hydraulic system, a belt pulley, PTO, rubber tires, starter, lights and a swinging drawbar. It could be ordered in the high-crop, wide-front or tricycle configurations. The high-crop version was called a Model MV.
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