T&T: Annual boat cost

[bob england]

Being able to lose the value of the boat (and the boat) without going bankrupt
is a good start. One of the biggest A'holes I've ever known gave me a very apt
peice of advice about boats once "if ya aint got no money ya aint got no
business ownin a big boat". The cost of losing the boat in a blow could be
minor to the cost of the damages it causes to other boats in the area.
Insurance may or may not cover it. My rule has always been "enough liquid
assets to cover the value of the boat" but I've not needed to use it yet, and
insurance.