About Avalon

Unclaimed Property in Avalon

Avalon's substantial unclaimed property total of $591,800 reflects the unique nature of Catalina Island's economy, where seasonal tourism employment, transient workers, and vacation rental properties create numerous opportunities for forgotten accounts and deposits. US Bank NA holds the largest single amount at $18,000, typically from dormant checking accounts and safety deposit boxes, while Foremost Insurance Company's $2,100 represents uncashed claim checks from property and boat insurance policies common among island residents.

The concentration of premium refunds (650 records) likely stems from seasonal residents who maintain multiple insurance policies for their Catalina properties and watercraft but change addresses frequently between the mainland and island. Given Avalon's small year-round population, the average claim size of $104.39 is notably higher than many California communities, suggesting that property owners who split time between the island and mainland may lose track of utility deposits and insurance refunds when managing multiple residences.

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Common Questions

Frequently Asked Questions

How much unclaimed money is being held for Avalon residents?

Currently, $591,800 in unclaimed property is being held across 5,843 records for Avalon residents, with an average claim value of $104.39. This represents only California state records, so additional funds may be held at the federal level or in other states where residents previously lived.

Which companies are holding the most unclaimed property from Avalon?

The top three holders are US Bank NA with $18,000 (typically from dormant bank accounts and uncashed cashier's checks), Interinsurance Exchange of the Automobile Club with $5,000 (usually uncashed insurance refunds and claim payments), and Foremost Insurance Company with $2,100 (commonly from boat and property insurance refunds popular among Catalina Island residents).

What types of unclaimed property are most common in Avalon?

The most common types are Premium Refunds with 650 records (overpayments on insurance policies that were never returned to policyholders), Credit Balances from Accounts Receivable with 565 records (overpayments to businesses that created account credits), and general Refunds Due with 479 records (various refunds from utilities, deposits, and services).

How long does it take to claim unclaimed property in California?

Once you submit a claim through California's official website, processing typically takes 60-90 days for complete claims with proper documentation. Smaller claims under $100 often process faster, while our search results are instant to help you identify what property may belong to you.

Is there a deadline to claim unclaimed property in Avalon?

California holds unclaimed property indefinitely with no deadline to file claims. However, searching now is beneficial because dormant accounts may continue accruing interest, company mergers can make future claims more complex, and inflation reduces the purchasing power of your money over time.

$592K Waiting in Avalon

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Official CA State Controller Data
5.8K Avalon Records
1 Avalon ZIP Codes
1 in 4 Avalon Residents Have Claims