It can be done at home if you have the time and patience. Ward has a great tutorial on how to do it and its an entertaining read to boot. I just did some work on mine (07 Classic) with his guidance. Gel-coat is some pretty cool stuff to work with but you need a place and time to work. Since we have been flooded out, Ive had the time to do my own repairs. That said, I was working with a black boot on the bottom where no one can see the finished product (which really came out pretty good) but again I didnt have to worry about someone seeing my handy work. My main concern was sealing the boat (I was through to the pink fiberglass but very thin digs) but I wanted it to look decent too. Think I got there but I could do more and probably will come the end of the season. First step is getting gel-coat from BCB. If it isnt black, they will need time to make it up so order soon. All you will need is a pint for that size chip, the catalyst you can get locally (West Marine, etc.). Follow the mixing directions (paying attention to temp where gel-coat will be applied) and then get ready to do some rubbing. Wet sanding, rubbing compound/polish, waxing to get the new look. For me the repairs sealed the gel-coat which was my first goal but now the repaired area looks nicer then the rest of the bottom that has seen 5 years of action. Brian