I have a similar set up in Colorado Springs - it depends on your insurance company.

Multiple, billion dollar companies are investing substantial amounts of money into our area, such as Intel, Google, and Amazon.

It probably does not fit in most standard Insurance companies Builders Risk Guidelines. 

Long story but Nudge is just one of many fulfillment companies in Utah. 

With multiple fortune 500 companies (like Intel, Google, and Amazon) investing here, many out of state investors investing here and seeing significant returns.

It’s probably a better deal to buy an umbrella policy and lower the building liability to 300 or $500k (whichever is required by the umbrella company).You are more likely to hurt someone personally than your building is. 

I haven't had a great experience with my property management company and they've quoted ~$60k to bring the property back to rental condition.

Their insurance company will fight it to the death.The landlord has no reason to believe that the design is faulty and could injure someone.

Could also hire a good STR company that can market the property better, price strategically, and offer better guest experience since the owner emotions are moved, which in turn ups the revenue. 

Are your draw inspections performed in-house or by an outside inspection company?