What is the approximate cost that vehicle replacement insurance should cover for a Boulder Designs franchise?

According to Boulder Designs's 2025 Franchise Disclosure Document, franchisees are required to maintain vehicle replacement insurance. This insurance should cover the cost of acquiring a replacement vehicle, which is typically around $30,000.

In practical terms, this means a prospective Boulder Designs franchisee needs to budget for an insurance policy that would pay out approximately $30,000 in the event their vehicle needs to be replaced. This ensures the franchisee can continue operating their business without significant disruption due to vehicle loss.

It is important to note that Boulder Designs reserves the right to modify the minimum insurance coverages required. Factors such as inflation, changes in liability standards, and higher damage awards could lead to increased insurance requirements in the future. Therefore, franchisees should consult with their insurance advisor to determine appropriate and sufficient coverage for their specific business needs and to protect their assets. Additionally, the franchisee's landlord and lease agreement may stipulate additional or different types of coverage.