With the Claims Made policies (often used in professional liability, products liability, etc.), when you end the coverage, you need to purchase extended reporting coverage (aka Tail coverage). 

Hello Sean,Mortgage lenders also have access to 203K products.

@Caroline PowellAs long as the final product ends up being a residential 1-4 unit property where the primary borrower intends to reside in one of the units as their primary residence for 1 year, then you can do an FHA loan on it ... including the FHA 203k. 

That in itself, is enough for me to pass on this product. 

I like the product but their policies drowning them down in competition.

Many sophisticated Sellers will want to try and understand which Buyer possesses the highest probability to close and materials like this can certainly assist.  

I have submitted a rebuttal but I am ready to go another route whether that is ordering another one if it comes to it or looking for another lender or product.

Really, I was just looking for a review of the product, though.  

@William W. what LVP brand and product was this?

This makes it possible to virtually eliminate taxes for sophisticated investors.