Luckily it occurred after all the real work was completed, but a disaster could have ensued if it occurred earlier, so I guess the lesson is have a plan in advance should you or someone else become incapacitated in the middle of a business deal.

You should see the arguments that ensue in the appraiser forums.

Cash-flow and decent spreads do still exist if you know where to look and are prepared for the ensuing bidding wars.

That coverage normally will not cover the cost to redo the work but may cover the ensuing damage to the property caused by the faulty work.