The entire concept of value is predicated on a desire by two parties to conduct a transaction. Both parties then settle on an amount before the transaction is conducted.
The problem with insurance settlements based on "market" value, particularly when the claimant is not at fault, is that it becomes a forced one sided transaction. ZL1 dude was essentially forced to sell his car by events completely outside his control. Why does his opinions of what its worth suddenly not matter?
Never, ever, in my dealings with insurance companies would I have sold my vehicle for what they offered. I'm pretty sure that if I walked up to the owner of that ZL1, before it was wrecked, and offered to buy his car for the amount the insurance deemed the value of his car was, he would have declined.
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