More hotel rooms than any other major metropolitan area.

To operate a hotel, there are certain licenses you need to obtain.

Hotel?

The biggest thing we do as Hosts is give the Guest an experience a Hotel could never touch!

A dwelling unit means a house or apartment used to provide living accommodations in a building or structure, but does not include a unit in a hotel, motel, or other establishment more than one-half of the units in which are used on a transient basis. 

I do know many operators who own Boutique hotels etc. in Costa Rica who do very well but again that’s not what I consider a passive investment or of any interest to me.

Where do hotel owners in Portugal hang out? 

And when the fire hit and they found themselves homeless, they needed emergency payments from insurance just to get a hotel room.   

I would ask your insurance agent how did they arrive at such a high reconstruction value...I am a Farmers agent and we use a software called 360 value where you input the address and based on the area/and the number of claims and material used in that particular area the software will tell us a guestimate of the amount it would take to rebuild the home...So this is very important because it directly affects your insurance premium (the money you are paying for that specific coverage) The personal property amount should be lowered if you don't think you need this much because again this is affecting you premium and you're basically being over insured which costs money...liability at 300K is what I suggest when the owner is residing at the property if you are not living in the property and you renting it to others I would suggest 500K the maximum (for Farmers) is 1 million....medical payments to be honest will rarely be used (this is for example someone gets hurt on your property and they come after you for medical payments this would come from here) but to be honest if someone gets hurt on your property and they come after you for money is going to be more than $3K thats why its important to have the right amount of liability this is where the monies would usually come from...and loss of use is the monies that would be applied to a hotel stay while your property is being reconstructed from the covered loss that occurred...on the other hand if you are renting the property these monies would go towards the rents you would go without while the property is inhabitable...hope this helps!

I must say, I am currently on vacation and (yes I have too many renovation thoughts in my mind) I happened to notice some of the flooring in the hotel that I am staying at.