You can easily repair gelcoat using various 'repair kits', etc. First, you should clean and 'etch' the hull with oxalic acid to ensure that the 'color' is correct for 'matching' with the new gel. All 'white' gel isnt necessarily 'white' as over time it may have picked up 'tints' of color, etc.
You can find lots of web articles on how to repair, quite an easy job if you are 'fastidious'. Briefly, you build up the 'scar' until flat with polyester if 'deep', and then coat with gelcoat let cure, sand the gel down until flat .... and for the best repair, use selfcontained spray bottles (Preval, etc.
http://www.jamestowndistributors.co...t.do?pid=2155&familyName=Preval+Spray+Gun+Kit ) and spray on the diluted gelcoat, then flat sand with the appropriate wet and dry paper, then power buff, etc.
There's a high learning curve with gel repair and spraying gel with the 'disposable' spray bottles; but, once you learn it ... it becomes quite quick and easy.
Caution: such gel coat repair can become addictive, and you might want to do an very extensive repair on an older boat.
Good gel coat repair is vastly superior to 'painting'.