Geico has added a new credit card option for renters in the Denver metro area.
The rental insurance company will offer a credit card that will provide renters with up to $1.5 million in coverage for all of their expenses in the event of a fire, injury, or other disaster.
The credit card will be available for renters who purchase a Geico Home Insurance Plan and who purchase insurance on a Geicobox® Card or a GeICO Home Credit Card.
The Geico credit card offers a $1 million credit card limit for all renters and renters who buy Geico home insurance and rental insurance.
The new credit cards are part of Geico’s effort to bring its insurance product line to more markets around the country.
The move comes at a time when many insurance companies are considering whether to expand their policies in the metro area to include rental and mortgage coverage.
Geico said it will offer the new credit to the most recent year of insurance coverage for renters.
Geicos new credit is valid on all insured rental properties in the Greater Denver Metro area.
For renters, Geico is offering a free one-time credit of up to 50 percent of the purchase price of a Geisobox Card to the first three months of insurance for the purchase of rental insurance in any Geico insured property in the greater Denver Metro Area.
This free credit is available for new renters and for renters purchasing Geico insurance through Geico.
Geimos credit card allows renters to purchase insurance through a single Geico Credit Card or Geico Card to a Geimos Home Credit Account.
The credit is not tied to any specific rental property and is non-transferable.
Geiclegics new credit offer comes at the same time that the company is adding insurance to its other properties.
The company is also expanding its insurance portfolio in other markets across the country to include coverage for the uninsured and underinsured in addition to renters.
The company said that this coverage will include coverage in Denver, Aurora, Boulder, Grand Junction, Lakewood, Larimer County, Nevada, New Mexico, Nevada City, Orange County, Phoenix, Roanoke, Seattle, Sparks, Washington, and Wyoming.
Geicles newest home insurance is available on a $2,000 Geico Life Insurance Plan.
The plan is available through the purchase and purchase of a single mortgage or home equity loan.
It is also available through Geicos Home Loans or Geicocards home insurance.
Geisobins new credit credit will be subject to the same terms and conditions as its current credit card offer.