That's only possible when the regulatory environment allows it. If your insurance regulators won't allow that kind of flexibility, then they have to look for ot

That's only possible when the regulatory environment allows it. If your insurance regulators won't allow that kind of flexibility, then they have to look for other options. This is often approached through the lens of consumer protection. As a result, making thing flexible to allow insurance companies to say "Hey, you really need a new roof, but if you choose not to here's the price of that risk" is not prioritized. Approving rate increases is.