Fixing any large crack in the hull should be out of the question, it cannot be done reliability and could never restore the TI to its original condition. That hull is totaled if it's cracked.
The minimum fix would be replacing the primary hull with a new or used one and rebuilding it using any undamaged existing components. This should be done by a qualified repair technician at a Hobie dealer. It's a lot of work and needs to be done right. My guess is that after the cost of a new hull and the cost to rebuild it, it may approach the cost of a new TI anyway.
I, myself, would settle for nothing less than a settlement for a new boat because I would not trust anyone to rebuild the TI from its existing used parts. Building a TI is something done regularly only at the factory with brand new components and special manufacturing tooling and techniques. While there are boat techs qualified to do it, it's probably not something they do a lot and therefore they probably don't have a lot of experience with a full rebuild. It can be done, but it'll be up to the repair tech to do it right. Some boat techs are brilliant while others are not. Who knows who'll you'll get? Again, it's not like rebuilding a car which is done regularly by experienced body shops.
This is just my opinion but I think you know what I'm getting at.
The trailer may be repairable depending upon its current condition. Repairing it is a lot simpler and a good weld shop can probably fix it if it's not too badly damaged. If it's galvanized, however, that would require special treatment to restore the finish after welding.
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