Q:

How can unclaimed insurance be found and claimed?

A:

Quick Answer

Find lost insurance payments, refunds and policies by searching the online database at MissingMoney.com or individual state unclaimed property databases, suggests the National Association of Unclaimed Property Administrators. To claim the insurance funds, complete a claim form and verify your identity with the state unclaimed property office holding the funds.

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Full Answer

To search for unclaimed insurance funds, go to MissingMoney.com, enter your name and state, and click on Go, according to Missing Money. Alternatively, go to Unclaimed.org, use the interactive map to find your state database, and click on the link to conduct a state search, reports the National Association of Unclaimed Property Administrators. Be wary of businesses that offer to help you conduct a search for a fee or percentage of the lost funds. Searching state databases is free, and you can easily do it yourself. Most states also return the funds for free or for a small handling fee.

Every state has a law stipulating that if policies remain unclaimed for a year or more, insurance companies must turn them over to unclaimed property offices, explains the National Association of Unclaimed Property Administrators. Although state officials make an effort to locate the owners of the money, much of it remains unclaimed. Most states hold lost insurance funds indefinitely until the owners are found.

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