One should still be able to get fire insurance, and I can't imagine the cost of it, but how can a hotel and a new house build, not have fire insurance? Where's the economics in that?
I've been paying insurance on my homes for years. I've never had a fire yet, and if in my lifetime, if I never have a fire, I'll still consider it money well spent. You don't need insurance, until you need it and then it is worth every penny spent.

My friends lost their home to the ground, one Christmas Eve. They were fortunate that everyone got out safely, but had they not had fire insurance, the cost of restructuring their lives after the loss would have been almost immeasurable. And that is here in Canada. Another friend of mine here, not very well off, had his apartment suite go up, losing all his meagre belongings and the fire spread to other units. He had no tenants insurance. To this day, he doesn't have what he had before and that was 10 years ago. Up here, tenants insurance isn't that expensive and we'd often encouraged him to get it, but he either didn't get around to it, or just saw it as a waste of money he could be spending on himself.

I can't imagine what happens to a home owner or business and the family(s) involved in Belize when they have losses of this magnitude.

My heart goes out to all involved.

A fish and a bird can fall in love, but where will they build their nest?