You've gotten lots of good and sound counsel regarding boats and insurance from the others. I'll take another course.
Don't do anything quickly or rashly. Everything seems worst sooner and better later. Doing nothing costs nothing. After a bit of time emotions will settle and cognitive thought will take over.
Don't throw away the dream because of a bad episode. You have taken a bold move in trying to live the dream. Stay the course and give the dream a chance to blossom.