Virtual Reality Games Spark Real Insurance Claims

 By Catherine Powell

Image courtesy Pixabay

Video games have been wildly popular for decades.  Where else can you race cars, ski the Alps, or shoot zombies dead in the comfort of your own home?  While these digital flights of fantasy usually limit the mayhem to a TV or a computer, a recent development in gaming technology has started to bring flying fists to bear on the real world.  What I’m referring to are virtual reality headsets that allow gamers to immerse themselves in a virtual world.  So real is the experience that the number of participants VR-related filing insurance claims has skyrocketed in the past few years.  If you or anyone in your family is into VR gaming, you owe it to yourself to find out how to protect them and your property.

To File or Not to File a Claim? That is the Question.

 By Catherine Powell

Image courtesy Pixabay

The reason most people carry insurance is to reduce the risk of property damage and loss.  Face it, most of us would be hard-pressed to replace our car or home should something catastrophic happen to either.  However, that’s not the only times when auto or property insurance come into play.  Sometimes a car or home is damaged instead of destroyed, or something inside of them is stolen.  Before you call your insurer to file a claim, there are a few things you need to consider that can affect the long-term impact a claim can have on what you pay for insurance.

Improve Your Risk Profile to Reduce Your Insurance Costs

 By Catherine Powell

Image courtesy Pixabay

Nobody likes to pay more for insurance.  That’s a given.  But what most policyholders don’t understand is how their premiums are determined, let alone what they can do to reduce them.  Insurance companies spend a lot of time and money determining what to charge for their products.  There are dozens of indices that are factored into the equation by underwriters.  But when you get right down to it, all insurers base their prices on one factor more than any other: Risk.  Reducing risk is what makes or breaks all insurance companies.  It’s also the number one cause of price hikes to policyholders.  While a policyholder can’t reduce the risk of a natural disaster occurring in their town, there are a number of things everybody can do to improve their risk profile to reduce the cost of insurance.

Is Your Golf Cart Street-Legal?

 By Catherine Powell

Image courtesy Pixabay

If you live in Florida and own a golf cart, is it legal for you to drive it on the street?  The short answer is not unless it’s been converted to the Low Speed Vehicle specifications required by the state.  It also needs to be inspected, licensed, and insured before you can drive it on the road.  Neglect any of the abovementioned steps and you could be fined, and/or your golf cart could be impounded.  That being said, below is what you need to know if you are thinking about making your golf cart street legal.