You are quite correct about insurance. We are both in our 30s and have decided to forego health insurance
, in part because my husband is British so we have a backup plan in case of a serious illness. We couldn't find reasonable insurance for the boat that would fit our budget
, and also had issues because all the companies we talked to wouldn't insure us without more crew or a longer time sailing the boat. We did get renters' insurance that covers our possessions in case of theft or other damage, and that's actually only $13 a month. We're comfortable with these choices, largely because health
and boat insurance would take up a major part of our monthly budget
and we simply can't afford it. It's always a personal choice, and any prospective cruisers should be aware that insurance adds a lot to a cruising budget.