AT&T iPhone Insurance and Some Alternatives
Would you pay $13.99 for insurance on your iPhone? Based on some pictures of internal documents given to Boy Genius it may be coming soon. The cost seems a little steep if that was the only cost. But you would also have a big deductible on top of the monthly charge.
Here are the details:
- $13.99 a month via the iTunes App store billed monthly to your credit card on file with Apple
- Insurance from Asurion
- Deductible for an 8GB 3G is $99
- Deductible for a 32GB 3GS will be $199
- The service will be called MobileProtect
Like the Boy Genius said, this seems steep. Of course a brand new 3GS with 32GB of storage runs $699 without contract. So if you paid the $14 a month for 24 months and paid the $199 deductible to replace your 32GB 3GS you would be saving only $164.
If you are fortunate enough to have just purchased your iPhone, or you plan to upgrade in June like many people will, you might do better to look into a SquareTrade warranty. It costs only $8 a month for 24 months or $96 for 2 years of coverage. They only have a $50 deductible. I got this coverage on my iPad when I bought it. You have only a short time after purchase to buy the insurance however.
A second alternative is Apple Care extended coverage. It extends your warranty to 2 years from the date of purchase. It must be purchased while under the original one year warranty and it costs $69.
Finally, you might want to check with your Home Owner’s policy. Some things might be covered by it. If not, ask about getting coverage for it. Some companies may let you have computer†insurance on a device like the iPhone for a reasonable cost.
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Another alternative to look into is your credit card's purchase protection plan. For example, American Express doubles the manufacturer's warranty on all purchases (up to $1,000 or $10,000 depending on the type of card you have). It doesn't protect theft or losses, but it does cover iPhones that go bad outside of the 1-year warranty.
Some credit cards, including American Express will also cover theft/physical damage of iPhones (and other gadgets) for the first few months after your purchase.
If you back out all of this out, the $13.99 per month might look less appetizing.
Squaretrade is by far the best program available. It will also cover for accidental damage from handling. Applecare does not provide this coverage which is a predominant cause of loss (I.e. cracked screens)
SquareTrade is not even close to the best coverage available.
Worth Ave. Group beats SquareTrade every day of the week, AND they cover theft.
I agree with Aaron. Worth Ave. Group's iPhone insurance coverage is so much better than SquareTrade. And Worth Ave. Group is cheaper, too.
THERE PRICES ARE WAY TO HIGH. CHECK OUT http://WWW.PHONEGUARDGLOBAL.COM I SPOKE WITH TE OWNER ALSO THEY HAVE ZERO DEDUCTIBLE, NO OCCURRENCE AND THEY COVER ACCIDENTAL DAMAGE AND WATER DAMAGE ALSO. I PURCHASED IT FROM THEM FOR MY IPHONE4 94.99 FOR TWO YEARS OF COVERAGE.
Phone Guard Global Offers Insurance coverage for iphones/iPads/iPods Low upfront cost 100% Parts and Labor No Deductibles No Occurrence Limit No Lemon Guarantee Toll-Free Support Nationwide Coverage Rapid Claim service call 888-705-9272 or visit http://www.phoneguardglobal.com