Hm, not convinced. I do think their priority is to demonstrate that you're less likely to die in a Cirrus than a... And that the chute will probably make a better stab at achieving that than the pilot.
I don't think it takes much damage to 'insurance write-off' a Cirrus - it's not lots of separate pieces held together with lots of rivets. I suspect nearly all Cirrus accidents (where there is some speed involved and an inanimate object) cause the machine to melted down and made into bottle tops.