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  2. Fee simple - Wikipedia

    en.wikipedia.org/wiki/Fee_simple

    The rights of the fee-simple owner are limited by government powers of taxation, compulsory purchase, police power, and escheat, and may also be limited further by certain encumbrances or conditions in the deed, such as, for example, a condition that required the land to be used as a public park, with a reversion interest in the grantor if the ...

  3. What is an HOA insurance policy?

    www.aol.com/finance/hoa-insurance-policy...

    HO-6 insurance, on the other hand, is typically only available to condominium owners. HO-3 policies will normally include coverage for an owner’s personal belongings as well as liability.

  4. Quitclaim - Wikipedia

    en.wikipedia.org/wiki/Quitclaim

    Execution of a quitclaim deed is relatively simple, and may require little more than the signature of the parties. Some states require the deed to be notarized or acknowledged before a notary. [ 4 ] Some states permit a jurat , also known as a verification upon oath or affirmation , in which the affiant swears to the truth of the contents of ...

  5. Condo Column: Insurance tips

    www.aol.com/lifestyle/condo-column-insurance...

    The Condominium Act requires every association to carry an insurance policy to cover the full replacement value of all structures on the property.

  6. Owner-controlled insurance program - Wikipedia

    en.wikipedia.org/wiki/Owner-controlled_insurance...

    An owner controlled insurance program (OCIP) is an insurance policy held by a property owner during the construction or renovation of a property, which is typically designed to cover virtually all liability and loss arising from the construction project (subject to the usual exclusions).

  7. Homeowners insurance vs. co-op insurance vs. condo insurance

    www.aol.com/finance/homeowners-insurance-vs-co...

    Homeowners insurance vs. condo insurance Buying a condo is more similar to buying a home than a co-op. When you buy a condo, you own the unit and likely need condo insurance to insure it properly.

  8. Title insurance - Wikipedia

    en.wikipedia.org/wiki/Title_insurance

    The first title insurance company, the Law Property Assurance and Trust Society, was formed in Pennsylvania in 1853. [1] Typically the real property interests insured are fee simple ownership or a mortgage. However, title insurance can be purchased to insure any interest in real property, including an easement, lease, or life estate.

  9. Condo board refused to update insurance when owners ... - AOL

    www.aol.com/finance/condo-board-refused...

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