As we have been cruising the Med for the last couple of years on a lagoon 380
and now a Lagoon 400
, I can answer a couple of your questions according to our experience.
1) The Boat: We're thinking a 38-40 foot production catamaran
(Lagoon 380 s2, 39, 400 or the like), owners version. Most likely used: $250K - $500K
Thats about right, big price range though. You would need to pinpoint the model and cost.
2) Boat Insurance: We're from the US, but we'd be in the Bahamas/Caribbean ... is $1000/year approximately what we should expect to budget for insurance? For major crossings (to Med or South Pacific) I'd likely pull in a crew and would purchase supplemental insurance.
L400 insurance in USD for 450K cover approximately MED $3000, Atlantic and Caribbean $6500 Pacific and Aus $8000
3) Health Insurance
: I'm a little baffled here, but we want to make sure we are appropriately covered. We've dealt with medical
emergencies in the middle of nowhere in the past, and with kids we'd want to make sure we are well covered, including some level of emergency
evac insurance: $3000/year
That sound feasible, my basic travel insurance for one is around 1000
4) Life Insurance: $2000/year
never had it, I think some comes with the boat policy though
5) Maintenance: Depending on the age of the boat, I guess this can fluctuate, but let's say $30K/year. If we spend more to buy a newer boat, I would assume that the maintenance number could go down, while if we go older/cheaper on the initial purchase, that number will go higher. So -- for a $250K boat, $30K is more than 10%, but on a $400K boat it's less ... but if that's a 1 year old Lagoon
39, maybe it's still the right number?
way too much. maintenance is under 5000/y on a new to 4 yr old boat
6) Food for four: $12K/year -- mostly shopping
and prepping our own food, but we enjoy going out to fun restaurants maybe 1x/week. Plus we want to socialize at local watering holes, etc!
probably just enough if you never eat out
7) Fuel: $1200/year -- is this enough? I would want to use Solar
to reduce generator
use as much as possible.
think $1/mile, motoring 30% of the time in the med, would take you a long way. You could last a year on 2 tanks
, one if your not in a hurry. Forget the wind gen and put 1000W solar on a cat. Dont forget the watermaker
if you want to be self sufficient.
: We would need to keep some part-time connection to our "real" business lives, plus our kids would require on-line access for school
: $1500/year in some TBD combination of WiFi, cellular, SSB
and sat phone
$10-$20 per gig for cellular data in the med. Depends how much you plan on using.
9) Travel: Enjoying some land-based adventures along the way, plus one trip back home/year: $6000
10) Petty Cash: $4000/year
give it to me if its spare
So -- you add all of that up, and you get about $60K/year in expenses, not including the price of the boat, or over $5K/month. Yet on the forums
, I've read threads where people comment that $5K/month is the equivalent of top-shelf luxury cruising, while others claim they can live on a mere $500/month. I've seen the number $20K/year thrown about as a reasonable annual cruising budget.
make a big difference to budgets, at around $80/day they add up fast. So it depends on how self sufficient you can be and how many anchorages
are in your cruising destination
. Sometimes they cant be avoided. Some parts
of Europe have lots of anchorages
, some you have to go to a marina. Winter rates are closer to $30/day. We avoid them as much as possible and sometimes go months without going into one, then sometimes we have to for a week or so to do land travel or wait for a weather
window to sail to the next destination.
I'm hoping some reactions from the forum will help me understand if my preliminary assumptions are in the ballpark, or if somewhere I'm way out of whack. Any overall reactions to what we're cooking
up are also appreciated![/QUOTE]
Expect the best and plan for the worst.