Just had the exact thing happen this summer.

$400 shaft
$160 strut
$150 dripless seal
$500 new prop. Sent my damaged one to repair which cost $175 and looks brand new. Now I have a spare
$1100 labor
$500 or so in gel coat repair. I only had a tiny bit of spidering where the strut mounted. I didn't even see it but the dealer said if you are going to go through the insurance you might as well just do. The fiberglass guy looked at it and laughed saying he wouldn't waste the $ to fix something so small, but I said just do it since it wouldn't cost me anything.
went through the insurance and paid my $1000 deductible and they covered the rest. Good as new!