Yes. You got it. If there is a short, I have a hunch that it will most likely be the red or blue wire. Then you will have to take apart the motor. If you have not done anything like this. First make a mark across the cover and the case. That's so when you put it back together, both pieces will line up. Taking pictures will help a lot. Remove the case screws. Carefully pry apart. The centrifugal switch is the hard part. If you look inside just right, you will see two screws that hold a plastic plate called a centrifugal switch. Inside the wires are a different color. Mine were a blueish green as shown in the previous photo on comment no, 8. This will give you more room to fix the bare spot on the wire. While you are about it, look for any burnt spots and sniff for any burnt smells. Hopefully there won't be any. After repairing the wire, carefully put it back together making sure that no wires get pinched. Spin it by hand to make sure that nothing is interfering with the rotor. Test again to make sure that there are no shorts. After this you should be good to go. Good luck my friend.