Why is MarketSphere Unclaimed Property contacting me when another company owes me the money?
MarketSphere Unclaimed Property is one of the largest and most experienced Unclaimed Property service providers in the industry. As such, we perform customer outreach on behalf of a wide range of companies. Customer outreach is required by law to owners whose funds have remained unclaimed for a certain period of time. This letter represents our clients’ last attempt to reunite you with your funds prior to turning the funds over to the state as “unclaimed property” as required by state law. The letter provides you with instructions on how to claim these funds.
Is there a fee for this service?
No, there is no fee associated with claiming this money.
Why is there money due to me or why do I have an account balance?
According to our client’s records, you may have unclaimed funds. We receive limited information from our clients regarding the transaction that created the balance. We are unable to provide further information regarding these funds. If you have a contact at the company on the letter, we suggest calling the contact or the customer service number for the company.
What do I need to do to claim this money?
You may respond using our letter response portal at the website indicated in your letter. Funds can also be claimed by fully completing the letter as directed and returning the letter by mail, email, or fax. Please note that duplicate submissions can potentially delay processing. The completed letter and any accompanying documents must be received by the response due date specified in the letter. If the information is received by the deadline indicated in the letter, our client will issue you a replacement check, gift card, or update your account status, as appropriate.
What do I do if I am not the person referenced on the letter?
If you are an executor, trustee, or hold power of attorney for the person referenced in the letter, you may claim the funds by completing and returning the letter. However, in order to move forward with the claim, you must also attach the appropriate documentation as referenced in the proxy section of the letter.
If you do not know the person or company indicated in the letter, our client likely had an outdated address for the rightful owner, and you should disregard the letter you received.
If the money is owed to our company, who signs?
An individual authorized to act on behalf of the company should sign the letter.
The owner referenced on the letter is deceased. What do I do?
If you are an heir to the property, you may complete and sign the letter on the decedent’s behalf. However, you must provide a copy of all supporting documentation, such as Death Certificate and proof of authority to act, for the claims process to move forward.
What type of paperwork should I attach to my response?
If completing the letter as a proxy, proper documentation is required such as POA Declaration, Death Certificate, Will, or Probate Form.
The address on my letter is incorrect. How do I update my address?
Please indicate an address update in the section provided on your response letter and we will provide the company with your new address.
I have yet to receive my replacement check. What do I do?
If you submitted your completed letter prior to the response deadline cited in the letter, our client is in the process of issuing you a replacement check. Please allow up to 10 weeks from the response deadline indicated in your letter. If it has been 10 weeks since the response deadline and you have not received your replacement check, feel free to contact us at StateFarmUP@up-letter.com or call us at 816-559-0646.
What do I do if I missed the deadline?
We must receive your response postmarked by the date specified in the letter. If the deadline has passed, our client is required by law to send the funds to the state indicated on your letter. At that point, you will need to claim your funds directly from the state. Website links to each state’s Unclaimed Property Divisions can be found at the bottom of this page. With the large volume of unclaimed property reported to each state, it can take up to 6 months for your unclaimed property to appear on the state’s website.
What if I have additional questions?
If you have additional questions regarding the unclaimed property letter you received, please contact us at StateFarmUP@up-letter.com or call us at 816-559-0646.
FAQs
You can also contact them via email at replacementprogram@statefarm.com.
Why is State Farm so hard to deal with? ›
Bad Faith Insurance Practices By State Farm
Acting recklessly –Homeowners insured with State Farm have brought a class lawsuit action against the company as they habitually undervalue their properties. A jury found that State Farm acted recklessly and with malice in most of its claims in this case.
Why is State Farm dropping customers? ›
State Farm said it is dropping policies across California for financial reasons and is ending coverage in areas with wildfire hazards, among other factors.
Does State Farm have a good reputation for paying claims? ›
State Farm is good at paying claims, scoring 882 out of 1,000 on J.D. Power's latest claims satisfaction survey. The industry average is just 873 out of 1,000, which means State Farm has a better claims process than most competitors.
What is the format for State Farm email? ›
Most Common Email Formats at State Farm
| State Farm Email Formats | Example | Percentage |
|---|
| first.last@statefarm.com | John.Doe@statefarm.com | 96% |
| flast@statefarm.com | JDoe@statefarm.com | 1% |
| lastf@statefarm.com | DoeJ@statefarm.com | 2% |
| f.last@statefarm.com | J.Doe@statefarm.com | 1% |
2 more rowsIf there is a lack of evidence, or the evidence does not seem credible, State Farm may deny your insurance claim. For instance, if you claim automobile damages but do not have photographic proof, or estimates for the repair from a reputable repair company, State Farm may be suspicious of the claim and deny it.
Who is State Farm's biggest competitor? ›
Considering State Farm and Geico are the two biggest auto insurance companies in the U.S., most drivers can find what they need from either company, whether that's minimum or full coverage. However, there are a few key differences between State Farm vs. Geico when it comes to auto insurance options.
How to negotiate with State Farm for a claim? ›
Negotiating a Settlement With State Farm: Insurance Claim Tips &...
- Get Medical Treatment Immediately. ...
- Do Not Give State Farm A Recorded Statement. ...
- Reject State Farm's “Nuisance” Offer. ...
- Know The “Eggshell Skull Plaintiff” Doctrine. ...
- Know The Factors Affecting Your Case Value. ...
- Negotiate Your Case Properly.
Last month, State Farm, the Illinois-based company and California's largest insurer, cited soaring costs and the increasing risk of natural disasters — like wildfires and outdated regulations — as reasons it won't renew the policies of thousands of homes.
State Farm is so expensive because car insurance is expensive in general, due to rising costs for insurers. But at $718 per year, the average State Farm car insurance policy is actually cheaper than coverage from most competitors. In fact, State Farm is one of the cheapest car insurance companies nationally.
Is State Farm getting out of banking? ›
State Farm has announced a plan to realign its business without banking services. Bloomington-based State Farm is getting out of banking. The company on Thursday announced plans for U.S. Bank to take over existing deposits and credit card accounts. U.S. Bank is the nation's fifth largest bank.
Is it better to own an Allstate or State Farm? ›
Simply put, Allstate is not cheaper than State Farm. In our 2024 review, we give State Farm an 8.8 out of 10 for cost, while Allstate receives only a 7.7. State Farm's average annual rate falls below the national average, while Allstate's is significantly higher.
Which insurance company denies most claims? ›
UnitedHealthcare is the worst insurance company for paying claims with about one-third of claims denied. Kaiser Permanente is the best large health insurance company for paying claims, denying only 7% of medical bills. Currently insured? It's free, simple and secure.
Which homeowners insurance company has the highest customer satisfaction? ›
According to our analysis using our in-depth methodology, the following are the best homeowners insurance companies:
- State Farm: Our overall top pick.
- Nationwide: Best for natural disaster damage.
- Allstate: Best for discounts.
- USAA: Best for military members and veterans.
- Erie: Best for customer satisfaction.
UPDATE: JUNE, 1, 2021 - As first shared in March, due to better than anticipated claims results, State Farm is issuing a $400 million dividend to return value to California mutual auto insurance customers. Customer dividend checks are being processed and eligible policyholders should receive them this month.
Who typically has the cheapest car insurance? ›
USAA, Nationwide, Travelers, Erie, Geico and Progressive are the cheapest car insurance companies nationwide, according to our analysis.
How to unlock State Farm account? ›
IF YOUR ACCOUNT IS LOCKED
If you find you are “locked out” of online banking, please call SFFCU at 888-521-5209 to have your account unlocked and reset.
Where is State Farm's head office? ›
