dearl-
if I were you I'd wait a couple more months and let those termites finish their job. They will strip it down to the bare fiberglass then you can start rebuilding it from there. You may want to bottle up a few of those critters and cross breed them. I think you may be on to something here. Termites on steroids. You can sell them to guys like us who like to refurbish old boats.
strick