Woman finds unclaimed insurance check from 1978

[jeff of pa]

LAUDERHILL, Fla. (AP) -- An 85-year-old South Florida woman who went looking for a photo of her ex-husband says she found a $17,500 insurance claim check from 1978 instead. Barbara Cosgrove found the check, dated Jan. 23, 1978, in an unopened envelope inside a nightstand drawer at her Lauderhill home. She said she doesn't know why she hadn't found the check sooner and had looked inside the drawer "a thousand times" before the discovery.

http://hosted.ap.org/dynamic/stories/O/ODD_UNCLAIMED_CHECK?SITE=PAPOE&SECTION=HOME&TEMPLATE=DEFAULT

 

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[DirtyMike]

If you snooze you loose I guess.

 

[blurr]

If she hasn't cashed it by now, I doubt she needed the money. Wouldn't it be nice to blow off 17 grand?

John

 

[jeff of pa]

If she hasn't cashed it by now, I doubt she needed the money. Wouldn't it be nice to blow off 17 grand?

John

Yea I Thought the Same.

File a $17,000.00 Claim
& Not be looking for it in the Mail
to Cash it ?

I Wouldn't sleep till I knew it was
In my Checking account.


Did these people have Alzimers for the past 30 Years ?

 

[blurr]

If she hasn't cashed it by now, I doubt she needed the money. Wouldn't it be nice to blow off 17 grand?

John

Yea I Thought the Same.

File a $17,000.00 Claim
& Not be looking for it in the Mail
to Cash it ?

I Wouldn't sleep till I knew it was
In my Checking account.


Did these people have Alzimers for the past 30 Years ?

Wealthy, or dumb. I doubt it could be both.

John

 

[stefen]

It's unclear if Cosgrove can claim the money from the check, which was issued by an insurance company that has been declared insolvent and liquidated.

If the Insurance Company is defunct, she can make all of the claims she wants...but will be no funds to dip into...

Now, if the Insurance Company merged with another, lets say Safco, then Safco may be laible to complete the transaction...

But if they no longer exist...then its tough luck...

She might try to contact the State Insurance Commisioner and see if there are retained funds...0.005% chance (aka, slim and none)

 

[Philvis]

Unless the company went under within a few years of the claim check, the money should have been escheated to the state. If it went belly up and no one bought the now defunct company within a year or two of the check being cut, she may be out of luck.

 

[ivan salis]

insurance companys back then seldom go totally bust --often another outfit will snap them up and their client base with them.

 

[RON (PA)]

I would still try to get a new check from the company, if possible (not defunct, but still around). It may be a long shot, but 17.5K is still 17.5K. Call me crazy, but I would be at my local Kinko's making copies of everything.

 

[Old Silver]

In today's value, how much would 17.5K have been worth in '78?

 

[aquanut]

Well, What could you buy nowadays that you would have had to pay $17.5K in 1978? I bought a house at that time for $22K that would sell today for well over $100K.... however, that's probably not a good indicator. A decent yearly salary in 1978 was about $17.5K. Nowadays it would be about $45-50K., but still guessing. Will some bean counter out there give us the real numbers?
Aquanut

 

[allen]

I need to find one of those !!

 

[Blind.In.Texas]

Anyone who loses $17,000 does not deserve $17,000 anyway.

 

[CamoQueen]

Anyone who loses $17,000 does not deserve $17,000 anyway.

Exactly! I dont know how this happend haha