this is not structural; the hull deck joint is glassed from behind; the rub rail has caulk behind it to keep water from entering the joint. if you're looking for a 38; there's one here at the marina in nice shape.
see http://www.sailboattraderonline.com...-38,38/Zip-20124/Radius-250/Sort-Length:DESC/
...held og lykke
If you want me to I can take a picture or two and try to find where I got the product from.