Chief Financial Officer Jimmy Patronis said that residents in Florida can file a claim for the massive $3 billion in unclaimed property.
$3 billion in unclaimed property in Florida. (Photo: CNN)
$3 Billion Unclaimed Property
Florida is one of the states in the country with the highest recorded unclaimed property that has not yet been claimed. Chief Financial Officer Jimmy Patronis said that residents in the state can still file a claim for the $3 billion unclaimed property in the state.
In a published article in WFTV, Patronis said, “Florida currently has unclaimed property accounts with a total value of nearly $2.7 billion just waiting to be claimed,” Meanwhile, the state defined the unclaimed property as a financial asset that is unknown or lost, or has been left inactive, unclaimed or abandoned by its owner.
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Amount of Unclaimed Property by Region
According to a published article in the Orlando Sentinel, the following are the most common types of unclaimed properties:
- dormant bank accounts
- unclaimed insurance proceeds
- stocks, dividends
- uncashed checks
- deposits
- credit balances and refunds
Moreover, the following are the regions in the states with the highest amount of unclaimed property:
- Miami – $9.7 Million
- Orlando – $7.7 Million
- Tampa/St. Pete – $7.4 Million
- West Palm Beach – $4.6 Million
- Jacksonville – $2.2 Million
- Fort Myers/Naples – $1.6 Million
- Pensacola – $887,608
- Tallahassee – $866,319
- Gainesville – $654,166
- Panama City – $503,890
Furthermore, Patronis advised the residents to check the state’s database if they have unclaimed property.
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