Google Answers Logo
View Question
 
Q: Old Insurance Check never cashed ( No Answer,   3 Comments )
Question  
Subject: Old Insurance Check never cashed
Category: Business and Money
Asked by: bvedder-ga
List Price: $2.00
Posted: 17 Oct 2005 17:29 PDT
Expires: 16 Nov 2005 16:29 PST
Question ID: 581449
I have an 18 yr old insurance check that I never cashed.  Obviously, I
cannot deposit it now.   The insurance company wants me to send them
the original bank draft  to research the issue.  Should I?  What
obligation are they under to reissue the check?
PS.  It is not in the CA unclaimed property database.

Clarification of Question by bvedder-ga on 18 Oct 2005 14:32 PDT
The Check amount is $942. It was an auto policy payout for a vandalism
loss.  I have sent them just a copy, saying I am not comfy with
handing over the orig. just yet.  I am surprised the funds were never
escheated to the state, i thought that was std practice for checks
that did not get cashed.  Never thought of the Ins. commissioner
angle, thanks.

Clarification of Question by bvedder-ga on 18 Oct 2005 14:34 PDT
Oh...and the account the check is drawn on is no longer open.
Answer  
There is no answer at this time.

Comments  
Subject: Re: Old Insurance Check never cashed
From: research_help-ga on 18 Oct 2005 06:42 PDT
 
After 18 years I'm going to guess you are out of luck. However, for
the insurance company to "research" it, why do they need the original?
Wouldn't a copy work for research purposes?
Subject: Re: Old Insurance Check never cashed
From: respree-ga on 18 Oct 2005 11:35 PDT
 
Why don't you just deposit it and see what happens.  From the
company's perspective, they've written it off their outstanding check
list about 17 years ago, but that shouldn't stop you from cashing it
(providing the account number is still in existence).  Give it a try. 
The worst that will happen is that it will bounce.  Then you can
pursue your Plan "B."
Subject: Re: Old Insurance Check never cashed
From: 4keith-ga on 18 Oct 2005 12:21 PDT
 
What is the amount of the check?  Is it a refund of premiums or payout
on a life insurance policy?  Your bank is not likely to cash it if
they notice the date, but if I were you I would keep the original but
send the company a photocopy.  If they can verify that it was issued
from their books they are likely to reissue another one.  If they
won't reissue, you can file a complaint with your state insurance
commissioner to take up this complaint on your behalf and he will be
more likely to get results.

4KEITH (I'm NOT a GOOGLE Researcher)
Accountant

Important Disclaimer: Answers and comments provided on Google Answers are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Google does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. Please read carefully the Google Answers Terms of Service.

If you feel that you have found inappropriate content, please let us know by emailing us at answers-support@google.com with the question ID listed above. Thank you.
Search Google Answers for
Google Answers  


Google Home - Answers FAQ - Terms of Service - Privacy Policy