Hehehehe.
Just kidding with the "yacht" comment, of course. I wouldn't want your boat if it had the fit and finish of a Moody or Swan -- that would defeat the purpose. The Telstar does very well what it's supposed to do -- at a reasonable price. Add more trim and weight and $$ and it would be less appealing.
But, would you forego insurance on your Telstar? That's a pretty high value for self insurance -- at least from my perspective. I probably wouldn't self-insure a boat worth more than $10-15K. But I haven't run the calculus either.