Re: 10K$ boat --- Are Insurance and Survey REALLY mandatory?
First of all, you don't have to have insurance and no, you don't have to get a survey.
That being said, if you do get insurance, and I think most sailnetters will tell you it is a good idea to have, most lenders and insurance companies will want to see a survey report before loaning money or issuing a policy.
Also, there are a number of marinas who won't rent you a slip unless you can show you have at least a basic policy.
Don't forget, if you lose a boat that doesn't have insurance, you may be out way more than the cost of the boat. Liability is the big issue. If the boat sinks, there's going to be a fuel spill and the cost of clean up is going to drain your pockets. What if someone gets hurt or you damage someone else's property? Again, liability rears its ugly head.