With coolmodee here , prevention is better than cure. At $100 you want to make sure you can prevent all you can.
You got lucky I was running a *Gasp* Kmc chain on mine , the chain snapped under suden excelleration and destroyed my magneto pick up = my centre crank case needed to be replaced = a whole new motor.
Hence why I dont even think about riding my bike without shoving a spanner betweem my rear sprocket and chain and setting the chain tension before every ride. Ignition covers are cheap compared to a new motor.
A ignition cover should cost no more than $30 for a china one.
But yes lob that sprocket cover off and keep that area clean