drip edge: a piece of flashing typically installed at the bottom edge of the roof or other horizontal edge of the exterior; it is intended to direct water away from the building materials below its installation.
Note that in most areas, it is required that the drip edge flashing be nailed to the roof deck. (IRC R905.2.8.5) Therefore, facia trim that has a built-in top lip does not qualify as the required drip edge flashing, as it is not fastened to the roof deck.
We recommend that you have it evaluated by a qualified tradesperson prior to the end of your inspection period to determine whether repair or replacement is warranted.