Lakewood
Unclaimed Property
There are currently 165,448 unclaimed property records worth $17.7 million being held for Lakewood, California residents. Major holders include Interinsurance Exchange of the Automobile Club with $202,400 and Citibank with $82,500 in unclaimed funds.
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Unclaimed Property in Lakewood
Lakewood's substantial unclaimed property total reflects the city's history as a planned community built for aerospace workers in the 1950s, many of whom later relocated when defense contractors downsized in the 1990s. The high concentration of insurance-related unclaimed funds, particularly from Interinsurance Exchange of the Automobile Club ($202,400), aligns with Lakewood's car-dependent suburban layout and high auto insurance participation rates.
Synchrony Bank's $39,600 in holdings likely stems from retail credit accounts tied to the Lakewood Center mall, a major shopping destination since 1952. The 18,844 credit balance and accounts receivable records suggest many former residents moved without updating addresses with financial institutions, common in a community where Douglas Aircraft and other aerospace employers experienced major workforce reductions.
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Companies Holding Lakewood Property
These companies hold the most unclaimed property from Lakewood residents
Frequently Asked Questions
How much unclaimed money is being held for Lakewood residents?
Currently, $17,700,000 in unclaimed property is being held for Lakewood residents across 165,448 individual records. The average claim size is $109.42, though amounts range from small dividend payments to thousands in dormant accounts. These figures represent only California state records and grow monthly as new property is turned over.
Which companies are holding the most unclaimed property from Lakewood?
The top three holders are Interinsurance Exchange of the Automobile Club ($202,400 in unclaimed insurance refunds and dividends), Citibank ($82,500 primarily from dormant checking and savings accounts), and Synchrony Bank ($39,600 mainly from closed retail credit card accounts and unused store credits).
What types of unclaimed property are most common in Lakewood?
Credit balances and accounts receivable lead with 18,844 records (refunds from overpaid bills or closed accounts), followed by 15,491 dividend records (uncashed stock or insurance dividends), and 14,432 premium refunds (unused portions of insurance, utility deposits, or service prepayments).
How long does it take to claim unclaimed property in California?
Most California unclaimed property claims are processed within 60-90 days through the official claimit.ca.gov website. Claims under $100 typically process faster, while larger amounts may require additional documentation. Our search provides instant results, but state verification and payment processing takes 2-3 months.
Is there a deadline to claim unclaimed property in Lakewood?
California holds unclaimed property indefinitely with no expiration date, but searching sooner is better. Interest-bearing accounts continue growing over time, companies merge or change names making future claims more complex, and inflation reduces the purchasing power of your money while it sits unclaimed.
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