If you have an ACV (actual cash value) policy, the depreciation means that besides the deductible, you will pay a prorated portion of the repairs above and beyond your deductible amount. For example, if you have a 30 year roof that is 10 years old, your insurance company will deduct 1/3 of the value of the roof plus your deductible from the actual estimate.
Many people really do not understand how little insurance they have until it is to late. That is why you need a professional company like LEVEL 1.
So…whatever you choose NOT TO FIX, will NOT be insured. If you choose to not fix the roof and you begin to have leaks, or another storm hits, your insurance company will not pay for the roof again. ALSO, they will not pay for any damage to the property caused by leaks that should have been fixed. All the while, you will still be paying full premiums!