Volume 8 Number 30 July 29, 2011
Dear Fellow Floridians:
You know the feeling when you find that twenty-dollar bill you forgot was in your pocket? It’s a good feeling. And every year, Floridians have this same feeling when they discover their forgotten treasures through our Bureau of Unclaimed Property. The Bureau of Unclaimed Property currently holds unclaimed property accounts valued at more than $1 billion. That money belongs in the pockets of everyday Floridians and it is my goal to ensure that this money gets back in the hands of the rightful owners.
I am proud to announce that in the first few months of office my Bureau of Unclaimed Property broke the annual record of paid claims in the amount of $189.3 million and saw the single highest amount of returns for one month in June 2011 in the amount of $24.7 million. We are doing everything we can to keep your money in your pocket and additionally, we are putting your money back in your hands, where it belongs.
To search for unclaimed property, call 1-88-VALUABLE or visit www.FLTreasureHunt.org.
Chief Financial Officer
State of Florida
As parents and students begin to gear up for the start of a new school year, one of the most important steps to back-to-school readiness is a child’s health. So as pencils, binders, and lunch boxes are flying off the shelves, responsible parents all over the state are taking their children to receive physicals and immunizations.
Florida KidCare, which currently covers 1.6 million children who did not previously have access to health insurance, is promoting its Back to School campaign in a press conference on August 9. I will be among those speaking at this press conference, whose purpose is to inform parents of uninsured children that they can apply to receive coverage for assistance in these back-to-school healthcare necessities. For more information about Florida KidCare, please visit www.floridakidcare.org/.
As a tenant, personal property is not covered by a landlord’s insurance policy. Purchasing renters insurance can protect a college student financially if personal property is stolen or damaged by water from a burst pipe or an accidental fire.
A student may be able to get coverage for personal property under a parent's homeowners policy. Check with your insurance agent about limitations and liability coverage. If your car insurance company offers renters insurance, you may be able to get a multi-policy discount to help lower premiums. You may also qualify for student or non-smoking discounts.
Don’t forget to discuss any special needs you might have. For example, a wheelchair, a valuable musical instrument or costly art supplies may need special coverage. Inventory each item you bring and its cost. Keep the list and ask your parents to keep a copy just in case you have to file a claim.
Stay in touch with your agent about any changes that might affect your coverage once it’s in place. If you study abroad or get an internship requiring use of your personal laptop, coverage under your policy may need updating.
To find out more about renters insurance, please visit www.MyFloridaCFO.com.
We are all looking for ways to save a few dollars here and there. For parents, a great way to save money is to save your back-to-school shopping and do it during Florida’s Back-to- School Sales Tax Holiday being held this year from Friday, August 12 through Sunday, August 14.
During this period, no sales tax will be collected on sales of clothing, footwear, and certain accessories selling for $75 or less, or on certain school supplies selling for $15 or less.
For more information visit http://dor.myflorida.com/dor/.
This week, I came across a great article that highlights the top six things that every college freshman needs to know in order to stay on top of their finances and avoid getting into debt. Take a moment and read this article and share with your friends or college-aged children.