Jeff, a very fair and excellent question. I bought my boat for 6500 four years ago (cheap). I have probably sunk 10k into it for new sails, tons of extra parts, and oops I broke my mast last year without insurance (Don't worry Chuck, I had liability). This year I only spent about 200 or less on parts during the race, 500 for entry and 3300 for food, drink, gas, hotels, and whatever for a family of four. This did not include my partners expenses for him and his family. So minimum for you, a partner, and 1 or two crew who all shared a room and 1 car and minimum breakage would be 3-4k. Insurance was 400 for 10000 with replacement value. i.e. they won't pro-rate, but will give you what it costs to replace the part. This is assuming elliot pattison replaces my spin, else add another grand or an insurance claim.