I just got my first boat, a 1973 Marlin 16' closed bow with a 1973 Mercury 115HP. I got it for $600, which I think is a steal, and need to know what I need to get. I have plenty of type II pfds, bumpers, tie rope, anchor, ski flag, ski rope, and a tube. Will I need to get insurance? My steering is also broken, the wheel is loose and I'm pretty sure the cable is disconnected. Will this be hard to fix?