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Yes. The iPhone 4 comes with 1 Year of AppleCare Protection. You can purchase two additional years, as well.
 
It comes with a free 1 year warranty.

I believe you can extend the warranty within a year for $69.99.
 
Yes. The iPhone 4 comes with 1 Year of AppleCare Protection. You can purchase two additional years, as well.

It comes with 1 year free, but you can purchase an additional year for $69 making it 2 years overall, not 2 additional years.

The AppleCare Protection Plan for iPhone extends your coverage to two years from the original purchase date of your iPhone. Whether you use iPhone with a Mac or a PC, just one phone call can help resolve most issues.

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http://store.apple.com/us/product/MC253LL/B?fnode=MTY1NDA2Mg&mco=MTU2NTc5NTE
 
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