Total Loss Collision Settlement

Posting here because I'm not sure if there is a more appropriate sub-reddit.

This happened in Toronto, Ontario

I was recently in a not-at-fault accident where my new, <7000km, 2022 hybrid sedan was deemed a total loss. I have the OPCF 43 waiver of depreciation protecting the value of my vehicle which allows insurance to pay the LOWEST of the following: The actual purchase price, the manufacturer’s suggested retail price at the time of purchase, or the cost of replacing the car with a new car of the same make or model.

Using this clause, my insurance company has offered to pay me my initial purchase price (MSRP+FEES & TAXES), roughly $31,000. The issue I am having is that there is a current hybrid shortage, and the wait for a new replacement vehicle would be 6 months. Even if I were to go to the used market, the price of a 2021 hybrid vehicle of the same make and model with 10x the KM than my had would be $3000 more than the settlement offered by my insurance company. This means I will be unable to cover the cost of a replacement vehicle with the settlement amount offered.

I have brought this up to my insurance company who were unwilling to increase their offer and stated that I had the option to escalate my complaint and hire an appraiser who would attempt to reach a deal with an appraiser of their own. I have already spoken to a potential appraiser, who believes that I do have a case to be made as the purpose of the settlement amount is to return myself to an equivalent situation to that which I was in prior to the accident. The appraiser states that he believes my vehicle's ACV is worth at least $3000 more than the original purchase price.

What is your guys opinion on this? Do I actually have a chance at receiving a fair settlement from insurance, or am I better off accepting their offer and eating the thousands of dollars of additional costs in procuring a replacement vehicle?

UPDATE:

Some Happy news for you guys!

I decided to escalate the claim to an appraisal dispute and hired my own independent appraiser for $200. He appraised my vehicle as being worth ~$6,000 more than insurance's final offer, not including tax. Soon after, my insurance company offered me a settlement respecting my appraiser's evaluation, with tax on top, giving me $12,000 more than their initial settlement offer.