Any tree can be a liability issue if something goes wrong. How we handle it determines how exposed we are to that liability.
Mario, that may have been right for you to do, given your limits (and we all have limits) of knowing the arboricultural options. Anyone assessing tree risk cannot do a competent job if their vision is tunneled on the defects. Given OTG's close understanding of the tree, and actually being there, and being able to monitor and care for it, it looks like he did the right thing. This case is not related to dead trees falling; different situation entirely.
A “defect” has been defined as a visible sign that a tree has the potential to fail. However, since every tree has the potential to fail, this definition is meaningless. The critical questions of how visible, and how much potential, remain. Any harmless feature of a tree that looks unfamiliar to the inexperienced observer can be called a defect that creates a “hazard tree”, defined as a tree with an unacceptable level of risk to a target. The question is, what can be done about it? All risks can be lowered (abated, mitigated, lessened), but **when arboricultural options are not carefully considered and clearly communicated, the owners cannot make an informed decision.** Quickly labeling “defects” and “hazards” can lead to the needless removal of valuable trees, when more conservative actions may have been more reasonable.
Basic tree risk assessment involves an objective, systematic review of the tree’s condition (good and bad), the site, and the exposure of targets. Deciding what action to take depends on responsibility for followup care, which OTG has taken on.