My truss rod is broken on my beautiful custom bass!

My favorite bass, the one I always play (up until now) has had a major catastrophe.

Maybe it was my fault (I tried to adjust it, but didn't hear it snap, then it just started spinning)--but the truss rod on my precious Linc Luthier Impression 5-string bass is spinning 360 degrees and there is nothing happening to the relief on the neck...

My local luthier has examined it and agreed that it is messed up and needs a major repair.

I spoke to Linc and he is totally baffled and said this has never happened before. He even picked the best truss rod he had for my bass.

From day one the truss rod has never really been ideal. Linc basses have a very strong neck design and the truss rod is designed only for minor adjustments. Mine had a reverse thread, which was counterintuitive for me. Even though this is the case, the rod should allow for some adjusting--don't you all agree?

THANK GOD I BOUGHT INSURANCE FOR THE BASS! I bought a policy from Music Pro Insurance (www.musicproinsurance.com) and covered the bass for $5000. I never expected to use it, but it looks like it will save the day. I filed the claim immediately. My local repair shop--Landau Guitar Company, myself, and Linc have all written letters to my insurance adjuster. Minus a $100 deductible, it looks like I might be lucky and get the replacement cost on my instrument, but I'll have to keep my fingers crossed...

The question remains: What do I do? Should I have Landau repair it? It's a serious task. They have to take off this gorgeous fingerboard and all this custom inlay work:
They'd basically have to grind it off. Then, a new truss rod system will need to be implemented and a new fingerboard will all new inlays will need to be made and fitted to the instrument. My guys are great--they do incredible repairs and it can be done, but it will be very expensive.

If I get compensated for replacement by my insurance company I could possibly buy a new bass or have it repaired. I don't know what to do. This was my favorite bass, and it was totally custom. I have two other Lincs, but this one is by far the best one. The truss rods are one of the weakest aspects of the design, but the studiness of the neck does make up for some of that. I could have Linc build another one, but then I might have similar truss rod issues. Landau Guitar Company would gurantee an improved system, but in doing so the bass would go through massive surgery. What should I do? Buy a new bass? Have this one fixed? Here's what we're talking about:
Special patented bracing
Custom Inlay and Villex Pickups
Beautiful Cocobolo Top
Gorgeous Crotch Walnut Center Piece
Five Piece Flame Maple and Wenge Neck and a Gorgeous Back
Flamed California Walnut Sides
and a Custom Electronics Package with Villex Pickups and RMC piezos in a Hipshot Bridge
PLEASE HELP ME WITH WHAT I SHOULD DO!!! WHAT WOULD YOU DO?

To the guy who asked about active EQ:

You can get that if you want, but the control cavity is TIGHT. It's hard to fit much in the way of electronics in there. On the Impression models, the body is thicker so you can get more stuff in, but the bracing gets in the way. This bass has Villex custom pickups with his mid control, and RMCs with the RMC buffer pre. The pre has a master tone that affects the entire setup, which is on the concentric pot I had custom made by Klaus Noll. The other knobs are master volume, a blend for the mags, and a blend for the mags to the piezos.

To the guy who asked about his site:

I think Linc has let that go by the wayside for the time being. He has a job at a college and he doesn't build full time anymore, but still builds on the weekends--so his output is I guess around 10-20 really fine guitars and basses a year. If you are sincerely interested in his instruments contact me and I'll give you his info.

The general consensus seems to be fix it, so that is what I'll try to do, depending on my repairman's advice. I guess I could have Linc do some repairs, but Craig Landau can do wonderful work and it's local. Not to mention that he does better fretwork than anyone else including Linc (but I still love Linc--he's a great guy and a awesome luthier). The biggest issue with the design is the truss rod, and I have a feeling that Craig would implement an improved system. But cost might be a factor, and I'm sure Linc would take care of his baby cheaper than my local guru. So, I'll take that into consideration when I hear back from the insurance company.

The insurance company is Music Pro Insurance. I highly recommend them--especially if you have really nice gear. The policies are cheap, and prior to this incident I wasn't very impressed with their customer service. However, after this went down they've been on their game and very nice to deal with. I have a feeling it's going to work out--PLEASE DEAR GOD LET IT WORK OUT OKAY! I'll keep you all posted on what happens with insurance and blah blah blah...

Linc said it would need to be grinded off--but Craig has not seconded his opinion. The laminates are horizontal, so that may be a consideration.

Take a closer look at the pic of the inlays I posted. There are "slices" of abalone that are on the side in places of the normal dots. These go through both the ebony fingerboard and part of the top wenge laminate. That would make the job extra difficult, not to mention that the finish would need to be stripped....