Unclaimed Property Blog

Current and former Arizona residents seem to be in the dark about the state’s unclaimed money problem. With over $400 million in lost funds and with more flowing in all the time, one would assume that current and former residents would be lining up to collect some of that money that could be rightfully theirs. Yet very few people ever step up to claim Arizona lost funds, which is why the state is in its current predicament. If residents don’t start stepping up soon, the amount could reach half a billion dollars in just a year or two.

With over $3B in lost funds, New Jersey is one of many states that is having a hard time reconnecting all that loot with the rightful owners. As more money flows in at alarming rates, treasury officials are at a loss as to how to combat the problem. With budget cuts and the New Jersey lost funds department sparsely run, there isn’t enough time or money to alert millions of people that they might find lost funds in New Jersey. The problem is compounded by the fact that many New Jersey residents have never heard of lost funds in New Jersey. If more residents knew about the problem and had access to a simple search, the state might not be overrun by New Jersey lost funds.

Your insurance company could be holding onto lost funds in your name. The federal government and all fifty states are holding onto billions of dollars in unclaimed money and lost property. Some of that money, a good portion in fact, comes from uncollected insurance claims. If you have ever suffered an accident, fire or force of nature, you might have lost funds waiting for you to step forward, search for and claim them.

How Insurance Claims Become Lost Funds

Insurance companies tend to deal in the business of risk. You, as the policy holder and insurance customer, pay a certain amount to the company each month. This amount is usually called a premium regardless of whether it is actually paid monthly or paid up front for the whole year. Once this monthly or annual payment has been made, the insurance company promises to protect you in case anything goes wrong, provided the type of risk is covered under the policy terms.

During the gold rush of California, hoards of people traveled to the west coast in attempt to uncover a massive fortune. Everyone had dollar signs in their eyes and big dreams in their hearts. They traveled to mines and waterways where they panned for gold, hoping to find a speck of gold dust or even a large gold nugget. Even though it was rare that anyone found entire fortunes worth of solid gold, the dream was alive and many held that dream. Even today, in modern times, that dream is alive.

New York is still recovering from the massive Frankenstorm that ravaged the coastline a few weeks ago and many families are struggling to make ends meet despite massive efforts from the government to help those in need. For those families who cannot be helped by the government or for those who need just a little more cash to help with bills and other necessities, help may be just a search for lost funds away. So many people have been misplaced it is almost impossible for the government to help out each and every individual in a decent matter of time.

Do you have an insurance refund coming to you? Are you sure? Millions of dollars are being held by various states and the federal government in the form of lost funds and missing insurance refunds make a high percentage of those dollars. If you were ever issued an insurance refund, you should have received a letter from the company. Sometimes, the company merely mails a check and a letter together, so that if you missed one, you are sure to miss the other. If you didn’t receive the refund in the mail, due to a postal error or due to your own poor record-keeping, you might have lost funds in the form of insurance refunds waiting on you somewhere. Wouldn’t you like to know? If so, keep reading to find out how to search for lost funds today.

If you were told to look for lost cash, would you know where to look first? Would you check under the couch or in between the cushions? Would you check in between the seats in your car or maybe in the trunk? What about the pockets of old or dirty jeans? While the above searches may yield an extra $15 to $20, if you’re lucky, there is an even better way to go about finding lost cash. This new way of finding lost cash can yield tens, hundreds or even thousands of dollars. All you need is your name and to know how to look for it.

Millions of Americans nationwide, average citizens just like you and I, have lost funds out there waiting in a government account or state coffer somewhere. Not only does it literally belong to millions of Americans but the total amount of these lost funds is well over a billion and counting. Most people hear these figures and immediately roll their eyes in disbelief. If you just so happen to be one of the people preaching these statistics then they will immediately assume that you are running some scam or might be a con artist possibly trying to get one over on them.