My (1880 ish Markneukirchen) bass fell over and the finger board came off ... plus lots of things came loose inside. It cost (the insurance people) £1500 and two months for me to get it back .. but now it's a) much stronger, doesn't buzz.
It's still too big for my hands and I considered trading it in for a 3/4 size, but after months of looking and borrowing a "much better" bass for a month I decided to keep it (partly because the dealers were a bunch of profiteering crooks).
Go for it. Once you have a bass you like, stick with it.