The good megger reading doesn't necessarily mean that the insulation has not been damaged. It just means that under the current conditions that there are no phase to phase or phase to ground shorts. The insulation could be cut through to the copper and still get this reading if there are no conductive substances (wire pulling lube, water, ect.) in the area of the damage, and as long as the bare copper is not touching the conduit.
Don


Don(resqcapt19)