IPhone insurance from your carrier or Apple, is it worth the price?

When AT&T first came out with the iPhone more than ten years ago, one thing many people, myself included, expected was an inexpensive way to get insurance on the iPhone.

At the time, we were losing $ 500 for the original iPhone, and it would have been nice to have insurance. And now iPhones are running more like $ 1000 and up for the top-of-the-line iPhone!

Somehow I managed to drop my iPhone in the toilet and tub, and a lot of other things happened to me, only to think I just wish I had insurance.

Well, the time has finally come or not?

Carrier insurance

AT&T and many other carriers now offer iPhone insurance, although it’s not exactly a cheap version as well.

For AT&T, the insurance itself costs $ 11.99 a month, plus a deductible, depending on the model.

  • The monthly charge will be billed directly to your wireless account
  • That’s $ 11.99 per month per number enrolled
  • A non-refundable deductible applies to each claim. 
  • The maximum value per claim is $ 1500
  • There is a limit of two claims in 12 consecutive months.
  • Claims may be honored with new AT&T certified restored models or others of similar type and quality
  • Colors, features, and accessory compatibility are not guaranteed for replacement models.
  • You can cancel your optional insurance coverage at any time and receive a refund of your unearned monthly premium / charge.

Verizon customer?

If you are on Verizon or want to switch to Verizon, your insurance is similar to AT&T. Find out more here.

But there are also alternatives like Apple Care

As I mentioned, you can get additional AppleCare + for your iPhone. Remember that all iPhones you buy new or refurbished by Apple automatically come with a 1-year limited warranty, at no additional cost.

This free warranty covers:

  • 1 year limited warranty against any defects
  • 90 days free phone support

Additional paid Apple Care plans now come with two options. And all options include technical support, hardware coverage, and software support.

You must purchase AppleCare + for your new iPhone within 60 days of purchasing your iPhone

  • Online (requires you to verify your serial number and run a remote diagnostic)
  • At an Apple store (iPhone inspection and proof of purchase required)
  • Or call (800) 275-2273 (requires you to run a remote diagnosis and provide proof of purchase)

Option # 1 Apple Car +

  • 24/7 priority access to Apple support
  • Apple hardware coverage
  • Software support
  • Express replacement service
  • Accidental Damage Coverage
  • 2-year warranty against any defect.
  • Free phone support for 2 years
  • NO protection against theft or loss

AppleCare + for iPhone includes up to two incidents of Accidental Damage coverage for a reduced fee, plus you get Apple Express Replacement Service2 and 24/7 priority access to Apple experts via chat or phone.

Option # 2 Apple Car + with theft and loss

  • 24/7 priority access to Apple support
  • Apple hardware coverage
  • Software support
  • Express replacement service
  • Accidental Damage Coverage
  • Theft and loss coverage

AppleCare + Theft & Loss includes up to two incidents of accidental damage, plus  theft or loss coverage , each subject to a small fee deductible. And still, you get Quick Replacement Service2 and 24/7 priority access to Apple experts via chat or phone.

For valid theft and loss coverage, Apple requires that you have Find My enabled on your device at the time it is lost or stolen.

What about credit card coverage?

Some credit cards offer warranty extensions and other benefits. The caveat is that you must have paid for your iPhone in full with the credit card.

Check with your credit card company about your protection and benefits.

So the big question here is, “Is this insurance worth getting?”

Well, somehow it depends. If you really need peace of mind for your iPhone, and it tends to be accident prone, then it may be something to get.

There is a lot to think about as you almost always pay a deductible of $ 20-300 per incident AND there is also a limit to the number of claims you can file. Also, they may send you a refurbished iPhone instead of a new device if you need a replacement.

So in reality, this insurance is not necessarily worth it. Ultimately, we think it is cheaper NOT to get carrier insurance.

But we do recommend getting AppleCare + on your iPhone and other Apple devices.

Personally, I have never bought insurance for my iPhone, regardless of all the things I have done to it. My logic is that with a 2-year contract, it’s just not worth doing. If I knew that I would keep it for more than 2 years, I would consider it.

So, do you have insurance for your iPhone? Is it worth getting? What are some other great alternatives?

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