A few years ago I broke my mast in a breeze. The total quote was $15,000 and the insurance company was balking at it. So I just had them pay to replace the bottom 6' of the mast and the standing rigging. I did the work myself to repair the deck and lifelines. Because of my generous offer, the insurance company even waived my $1,000 deductible. So in the end I got new rigging (my old rod rigging was at least 15 years old anyway) and new halyards too, all for free! I figure I can out ahead on the deal, just with a bit of work on my part.