android emulator - Unable to create Genymotion Virtual Device

Question

I have successfully downloaded and installed Genymotion and Virtualbox as well as a Virtual Device Image but I am unable to create a virtual device.
I get an error message stating

Unable to create Virtual Device:
Failed to import OVA

My laptop Specs
8gb RAM
Intel Core i7 (Sandy Bridge)
Hardware Virtualization is enabled in the BIOS.

Answer 1

Deleting the Genymotion cached .ova file, deleting the corrupted deployed image, redownloading the image, and reinstalling it addressed the issue for me.

Note that the deployed images are under: ~/.Genymobile/Genymotion/deployed

the cached ova files are under: ~/.Genymobile/Genymotion/ova