Thanks again for the suggestion. Maybe I will do that. In the meantime I have sent an email message to migracion explaining my situation and asking for their advice. I will post here if I get any response.
In regards to the cost for renewing residency, I see that the 5000 peso application fee is now 7000, and the 500 peso per month late fee is now 700 per month. Those are pretty hefty increases for just one year and I assume that the cedula fee and cedula late fees have probably increased accordingly. I don't mind wasting 600 pesos for Certificate of Good Conduct, but I certainly don't want to waste $80 to $100 for the repatriation insurance unless I know that I am continuing go through with this process.