If you have more than 1TB of data and don’t upgrade, your account will be limited as of your renewal data, and you’ll lose data after six months.
You can add additional storage on the Manage Storage page.
You have a 180-day grace period to either delete content to bring your total content within the free quota, or to sign up for a paid storage plan. After 180 days in an over-quota status, content will be deleted (starting with the most recent uploads first) until your account is no longer over quota.
There is one piece of good news: Prime members continue to enjoy unlimited storage for photos.