Unclaimed Property Blog

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

Have you ever looked for money around your house or around town? Do you watch the sides of the road for discarded bills or coins? Of course not. All the lost money has been found, hasn’t it? Not exactly. Right this moment, state and federal treasury officials are holding onto billions of dollars in unclaimed money. It turns out that searching for cash might be a very lucrative pastime, as long as you search in the right places.

Where To Go Searching for Cash

Many people dream of finding money. Men and women trail up and down beaches with metal detectors and people used to pan for gold in rivers during the gold rush. If you have ever dreamed of finding money, you don’t have to hit the beach or go panning for gold in the California mountains. Instead, you can start right now by searching for money on the Internet?

While it may seem far-fetched, it is in fact possible to find money online. You may be wondering whose money this is and why you would be able to find it. The crazy part is that this money may already belong to you. Furthermore, it is just waiting for you to come claim it.

When people begin investing in the stock market, they always have the best of intentions, regardless of whether they know they should be or not. I believe it is part of human nature to be positive for anything you put your work into, unless they are naturally unmotivated, like some. They want to earn a high return on their investment, get rich, secure their future or whatever else they have in mind.

Ever since money has been invented people have dreamed of finding it. Finding money has been the subject of countless books, movies, TV shows and even urban myths. We hear stories of people finding money in taxi cabs, people uncovering chests of gold doubloons on some beach somewhere and, most recently, a couple found hundreds of thousands of dollars worth of gold dust in their home’s aging ventilation system.

What if someone stopped you on the street and told you that there was missing cash somewhere in your state and that it was your job to find it? You’d probably laugh, as most people would, or maybe you would think outside the box. Looking for missing cash or anything for that matter in an area as large as an entire state seems laughable, especially when you haven’t the faintest clue where to begin. This is actually one of the main parts of the problem of this growing missing cash issue.

Texas is facing a problem as large as the state itself. Treasury officials are deciding what to do with a staggering $2.6 billion dollars in lost money and how to get Texans to search for it. This Texas lost cash belongs to 1 in 4 Texans and you could be one of them.

Lost cash in Texas is not a new phenomenon. Last year, the state returned over a hundred million dollars to Texas residents and this year that number jumped to nearly $160 million.

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.

Have you ever rented an apartment that required a security deposit? It is likely that you had to pay one for a to set up an account for utility service as well. Maybe you needed a new electrical service provider or maybe you had to turn the gas back on. Renters are charged by utility companies with deposits to cover and pad their services until they can trust you better or until you have an established account. This is so the utility company can use the deposit if needed to cover your usage and bill is for any reason you can not afford a payment before your account is closed out. It also helps you build a reputation with the utility companies showing them that you are and have always been a responsible customer, more or less.