Form of common law ownership of real property that permits disposition of property by its holder in any manner desired. Both the holder and the holder's heirs have use of property in perpetuity and have an insurable interest in the property.
| Insurance Dictionary: Fee Simple Estate |
Form of common law ownership of real property that permits disposition of property by its holder in any manner desired. Both the holder and the holder's heirs have use of property in perpetuity and have an insurable interest in the property.
| 5min Related Video: Fee Simple Estate |
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