you will not lose anything, but you will not be able to use it either.
you will only be able to use a light galleon and a light sloop for ships.
you can buy clothes, tattoos, bigger ships, ect.
but you will not lose your stuff it will stay there you just cant use it.
ive canceled it before so i know,
and im unlimmited again now,
so take it from me, i would know.
- Captain Elizabeth
p.s. you can not use any other weapons besides cutlass, pistol and voodoo doll. and maybe dagger i forgot,
and skills are limited.