What Is Unclaimed Property in Florida?

Unclaimed property is money or property that belongs to someone but has been left inactive or forgotten for a certain period of time. When a company, bank, insurer, employer, or other holder cannot contact the owner, the asset may be turned over to the Florida Division of Unclaimed Property.
Common types include:
• Dormant bank accounts
• Uncashed payroll checks
• Utility deposits
• Insurance proceeds
• Stock dividends
• Refund checks
• Credit balances
• Money orders
• Court or escrow funds
Unclaimed property does not mean the state owns the money forever. The state holds it until the rightful owner or heir makes a valid claim.

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