#kneeling on the deck picking up the splinters of the mast and taping over the worst of the exposed wood to keep the rain out

[charminglyantiquated]

9/25 update on the Nautilus, for anyone curious. Details below (long), but in summary: the damage is more expensive than we'd hoped. We will have to buy Nautilus back as salvage and repair her mostly out of pocket. We still do intend to repair her, but it seems now it will be over a timeline of several years. The fundraiser for her repairs has been raised to reflect the new estimate, and will remain up as long as we're working on her, for anyone who wishes to contribute. I'm so unbelievably, profoundly grateful to all of you who have helped us so far. Thank you so, so much.

Damage: a joint survey was conducted Tuesday between surveyors from our insurance and that of the other vessel. It will be another 3-4 weeks before we have the official paperwork, but the consensus was that the damage approaches twice Nautilus' value. In addition to the mast and all the attached rigging, sails, hardware, etc., the teak deck would have to come up in order to address the damage to the deck and hull. This means that rather than pay for repairs, our insurance company is almost certainly going to write her off as a total loss.

I am waiting for formal documentation before sharing any exact numbers. Once we have them I will be more precise. But the general process as I understand it right now is below, for anyone curious about how everything shakes out.

What a loss means with insurance: my understanding is that repair damages are only covered by insurance up to the point a vessel is totaled. Since the damages almost certainly surpass her value then she would be totaled instead. In this scenario, our insurance would give us the value the Nautilus was insured for, and then pursue the other vessel's insurance for their own reimbursement. Additionally the other insurance might give us the income we lost over the remainder of the season, but whether that will happen and what amount that would be is up in the air, with the three different attorneys we consulted agreeing that we'd be fortunate to get any amount. Anything beyond that is apparently unlikely, any other legal pursuit would possibly lose us more money that we might hope to gain.

On our end: we took out a loan to buy Nautilus in April, and still owe the majority of it. By the terms of the loan, with a total loss we would have to pay back the full loan immediately. Then, because this is essentially our insurance 'buying' Nautilus from us, we would have to buy her back as salvage. The salvage price would be determined by the salvageable parts of her, and the surveyor. Hopefully it would be less than five figures, but it depends heavily on which insurance company actually ends up with her, and how exhaustively they tally up the pieces of her that they could sell. The surveyors could not tell us at the time of the survey who would end up with her or what they would charge. For the next month or two Nautilus is in a kind of purgatory where we do still technically own her, but only until insurance gets through the paperwork, which makes it difficult to begin any work right now.

Financially: when the dust settles, once the loan is paid and we own Nautilus once more as salvage, I think that based on the current estimates we may have some funds remaining. But even in the best case scenario - low salvage price, and we do receive lost income - it wouldn't be enough to finance all the needed repairs. My partner and I will be keeping the fundraiser up for as long as we are working on her, for anyone who wishes to contribute to her repair fund. Any help from anyone who would like to see her sailing again will always be deeply appreciated, but we're both aware it's an absurd number. If we fail to meet it, we're both keenly aware it's not through any lack of generosity - I cannot possibly express how grateful we are for the help we have received already, and what a massive difference it has made over the last month as we deal with the immediate and long-term fallout, covering her haul-out and towing and bills over the months it will likely take to resolve all this.

Fixing Nautilus: my partner and I are still committed to repairing her, despite the cost and the time involved. The thought of letting her be cut up for salvage is too heartbreaking to bear. But at the pace things are progressing and with the resources we have, it's obvious now that it's not feasible to fix her fully over the winter; it will instead be over the course of several years. However, my partner and I hope that by doing as much of the work ourselves as we are qualified for, we can bring down the overall cost of repairs by a fair amount. Additionally, the broken mast was built only a few years ago by a gentleman who still has the plans for it and is willing to guide us through the process of building a replacement. There is a possibility we can connect with a local boat building school's fledgling restoration program. And a great many people have offered their time, advice, expertise, and contacts. The timeline has changed, but we are not giving up on her.

In the meantime: with the survey done, we now have at least a general idea of what the future will look like. Since working nonstop to get Nautilus sailing again by June is not on the table any longer, my partner and I are currently figuring out a long-term plan for ourselves, our little company, and the Nautilus herself. We have discussed a few ideas, which I'll share more about once we settle on anything concrete. Nautilus herself is finally clear of wreckage, with the pieces of her mast on sawhorses beside her, her deck swept clean, solar panel plugged in, and a tarp over the worst of the damage. She's as safe as we can make her for now; there's nothing else we can do except wait for the wheels to turn.

Lastly: thank you all, more than I can say. I have been trying not to miserypost, but I have been having a very hard time dealing with this, as has my partner. It took us ten years to save the money we put into Nautilus, and the few months we were able to spend sailing her together were the happiest and proudest I have been in my life. We have lost the future we'd imagined, and regardless of how this resolves, we are never getting that time back. We are determined not to lose the Nautilus as well, but it has honestly been difficult some days to push through the grief. The one consistent silver lining has been the kindness and sympathy and outrage from everyone who has taken the time to reach out to us. I have been floored, over and over, by how many people we have rooting for us. I am never, ever going to be able to express my full gratitude to all of you. Without exaggeration, you have kept me going.

I will share more once we know more - exact numbers, exact damage, exact plans for repairs and the next steps. Until then, from the bottom of my heart, thank you.