Straighten the scrape bar. It looks like a 1 inch piece of square tubing welded to the frame to have a place to screw the jack to. Cut most of the tubing away, leaving the top portion that is welded to the frame. If the jack is damaged, get a new jack and weld it to the remaining tubing. That way you aren't welding on the frame to void your warranty, and it will raise your jack about an inch.
Option 2, call the insurance company, sounds like road hazard to me.
2012 Ford F250 ext. Cab 4x4
2002 Jeep Wrangler Sahara
2008 Yamaha V-Star 650 Classic
2008 Work and Play 18LT