Don't kid yourself that "Insurance will pay."
They will look for any loophole in the way the machine is operated, to avoid a payout.
Then you must pay the excess, based on a percentage of the replacement cost, and they will pay a percentage, based on the original cost (not replacement) less the percentage of hours remaining on the airframe.
Thus, you bend it when it is almost time-ex and they will pay almost zippo.
The biggest cost, though, won't be the big bender, it will be the little ones that are less than the cost of the excess plus the increased premium for the next year, were you to claim. Things like heavy landings, clipping a tree with a blade when you land in your uncle's back yard, and engine overspeeds from inexperienced mishandling.
Lotsa luck!
