Insurance companies use virtual reality to visualise property damage
Insurance companies have begun to use virtual reality headsets to illustrate to existing and potential landlords the potential need for landlord insurance.
By being able to visualise potential damages, and insurance solutions, the companies are trying to encourage customers to take immediate action and invest in landlord insurance.
This development illustrates a huge opportunity for all industries, especially insurance. If clients can see the damage that their properties and assets, then one suspects that there may be more likely to spend money protecting them.
Often, if one cannot see damage first hand, it is difficult to comprehend. Thus, people are unlikely to prepare for it. But in providing a realistic experience, the insurance companies are banking on people being more likely to do something about it.
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