Apple Iphone Insurance
If something bad happen on your iphone, luckily there are still several options out there which will help cover you should something happen to your iPhone.
AppleCare is Apple’s extended warranty and support program which covers products outside their limited manufacturer’s warranty. In the case of the iPhone, AppleCare will provide an additional year of coverage for defects and repair, including the battery.
AppleCare does not provide coverage for accidental damage, which means that drops, spills, splashes, and anything and everything else that Apple can attribute to your misuse rather than a product failure will not be covered by AppleCare.
Third Party Mobile Phone Insurance
A handful of companies have arisen to fill the gap created by the lack of carrier-provided mobile phone insurance for certain devices. These companies are now offering coverage plans for the iPhone.
Squaretrade, who has been in business since 1999, is offering coverage equivalent to the AppleCare program, called the CarePlan, for as much as $30 less per year less (depending on what model and size of iPhone you need coverage for). Should your iPhone need attention, Squaretrade promises to fix it or pay you the full purchase price of the iPhone, all within five days.
SquareTrade’s insurance plans have received near perfect consumer ratings on NexTag and Epinions, and has received an A+ rating from the BBB (Better Business Bureau). As a result, SquareTrade has sold over 1,000,000 warranties to date.
Despite the rave reviews and the lower price, the key factor that sets the SquareTrade warranties apart from AppleCare and other competitors is the coverage for accidental damage.
SquareTrade is the only licensed insurance provider that covers accidental damage. According to SquareTrade, “drops, spills, water damage, battery failures or any other failures from normal use or accidental damage” are all covered under their plans.
Sources : Iphone FAQ