Abstract: The present invention discloses a removable liquid container for insulated coolers which allows the dispensing or withdrawing of liquid from a separate interior container without opening the outer insulated container. The removable liquid container for insulated coolers of the invention generally comprises an uninsulated liquid container to be removably installed in the interior of a conventional insulated container and configured and dimensioned to take up only a portion of the interior of the insulated container. The invention further comprises a dispensing valve to be placed in and through the wall of the insulated container, or alternatively through the existing drainage port of the insulated container, if present, in order to discharge the liquid from within the removable interior container.