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Grange Insurance

Insurance, United States, Ohio, Columbus

Grange Insurance provides personalized insurance solutions for individuals and businesses, with a focus on exceptional customer service and innovative coverage options.

About Grange Insurance

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
United States of America, Ohio state
Official Website
http://www.grangeinsurance.com
Location Address Official Phone Email
United States of America, Ohio state United States, Ohio, Columbus **** ****
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FAQs – Grange Insurance

How does insurance fraud affect policyholders?

Insurance fraud increases the cost of premiums for all policyholders because insurers pass on the financial losses caused by fraudulent claims to consumers. Fraud also impacts the efficiency and integrity of the insurance industry, diverting resources from legitimate claims.


What happens if an employer doesn’t have liability insurance?

Without coverage, employers face financial and legal risks, including lawsuits, fines, and paying employee claims out of pocket, potentially leading to business closure.


Does uninsured motorist insurance cover rental cars?

In most cases, uninsured motorist coverage extends to rental cars, but this depends on your policy and insurer. If you rent a car, check with your insurance provider to confirm coverage details. Some rental car companies also offer supplemental UM coverage for additional protection.


What are policy exclusions?

Policy exclusions are specific situations, risks, or events that the insurer does not cover. Common exclusions include intentional damage, war, nuclear hazards, fraud, and certain natural disasters. Policyholders should review exclusions carefully to understand coverage limitations.


How is the cash value different from dividends?

Dividends are the surplus profits paid out by some insurance companies, typically in participating whole life policies. Cash value, on the other hand, is the accumulation of premiums and earnings within the policy.


Can AI be biased?

Yes, AI can inherit biases from training data, leading to unfair or discriminatory outcomes. Bias in AI affects hiring processes, criminal justice, and financial decisions. Developers must ensure diverse and unbiased data, implement fairness techniques, and conduct regular audits to mitigate AI bias.


What are the advantages of facultative reinsurance for ceding insurers?

It allows insurers to selectively transfer risk, obtain customized coverage, and manage high-risk exposures without affecting their entire portfolio. It also helps insurers write policies they might otherwise decline.


Does homeowners liability cover damages caused by my child or other family members?

Yes, homeowners liability generally covers damages caused by family members, including children, if they accidentally injure someone or cause property damage on your property.


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