The "surplus" generated is paid to junior lien holder claimants in a pro-tanto order, if any, until secured junior claimants are exhausted. 

My corporate structure makes the fight more complicated for them and my attack dog can also counter making things much harder for some average claimant.  

Adding your name to the policy may or may not be an issue if a claimant is trying to pierce the veil of the LLC to get at your assets.

Residential construction means many potential claimants.

However, that bottom of the list priority makes the petitioner subject to others with higher priority knocking them out and removing them.Oh, and since you have fiduciary duties to the estate, the creditors, claimants and heirs you won't be selling the property to yourself.

Liability claims are third party claims and do not deal with payments to the insured but rather a third party claimant.

Guess where claimants and their lawyers go after when they break their leg if they fell off a roof?

I'm a bit confused by this part:This document does not affect any of the following: (1) Retentions. (2) Extras for which the claimant has not received payment. (3) The following progress payments for which the claimant has previously given a conditional waiver and release but has not received payment: Date(s) of waiver and release:________________________________________ Amount(s) of unpaid progress payment(s): $_____________________________ (4) Contract rights, including (A) a right based on rescission, abandonment, or breach of contract, and (B) the right to recover compensation for work not compensated by the payment.In my case, does it work?

Escheat ensures that property always has a recognized owner, which would be the state or government if no other claimants to ownership exist.

And an outside claimant against you has limited recourse against the property in that scenario too.