What Nermal said - warranties only cover defects. It's a current year bike, so there shouldn't be any devaluation. The frame may have been knocked out of alignment or the head tube joints stressed enough to cause future failures. Or, to put it another way, if you ever have a frame problem in the future, Specialized can claim it was crashed and won't cover it; so this crash caused you to lose the frame warranty. I'd ask the insurance to buy you another new bike.