If you own an iPhone, it’s a cinch that like other iPhone owners, you are looking for the perfect insurance to cover your new gadget.
Unfortunately, AT&T, which was the exclusive service provider for the iPhone does not offer insurance to cover it. On the website of AT&T, it states that the “iPhone is ineligible for the Wireless Phone Insurance program offered to AT&T customers. IPhone is covered by the Apple Warranty. If you have Wireless Phone Insurance from AT&T, it will be removed from your line of service.”
Including it in your homeowner insurance policy would be one conceivable option.
However, here are two possible alternatives to insure your Apple iPhone.
First Option: Get an AppleCare Warranty when you buy the unit from Apple.
Apple, Inc. is presenting customers with an extended warranty with AppleCare. This means that the AppleCare plan would be extending the previously offered warranty of 90 days for one more year. The cost for this would be around $70. This warranty plan offered for the iPhone by Apple is relatively secure and simple, however it would not insure any “incidents” that accidentally happen that involves your iPhone. This would mean that if there would be issues arising that are not related to defects by the manufacturer or glitches in the software, they cannot cover them. For example, if you are walking down the street and your iPhone accidentally falls into a manhole, no replacement can be issued.
Second Option: Get a SquareTrade CarePlan.
SquareTrade has been in the market for 8 years now. The warranties they offer and provide are supported by an A-rated insurance firm. They are actually the principal provider of eBay’s extended warranties. SquareTrade even has a management system online so that consumers can manage their warranties.
They do have a basic CarePlan planned out for the iPhone. The cost is 10% of the item’s price, so it would be ranging from $49.99 to $59.99. This would depend on the kind of iPhone you bought from Apple. The insurance coverage would be the same as what you will get if you bought an AppleCare warranty. They have stated that if there is anything that happens to your iPhone, they can offer to fix it, or give you the full $499 to $599 value for replacement of the iPhone. They also guarantee that all repairs and replacements can be made within 5 days.
SquareTrade is also offering a superior CarePlan complete with an accidental damage coverage, which is not offered by the AppleCare warranty. Now this will be able to insure the phone in the event that you accidentally drop it. The accidental damage protection would cover any damage that results from crushing, cracking or dropping of the iPhone.
Keep in mind, though, that there are no insurance plans that will cover the phone in the event that you lose it, so make sure that you keep your eye on it always.
If you need an extended warranty or insurance for your Android or iPhone Protect Your Bubble has many affordable options. They also cover loss and theft. Money options available.