Do you have a deductable? If so, the payout from your insurance starts after you pay the deductable. So, if it costs $600 to paint, and you have a $500.00 deductable, you get $100.00 from the insurance company.
Sometimes it's not worth it to make a claim for such a little payout, as they (insurance company) may decide to rase your rates. Depends on the insurance company, and any prior claims you may have made.
Sorry about the side swipe though. This would certainly not make anyones day!
It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt.