Decided to get this for my wife and I's new iPhone 5. The deductible doesn't seem too bad but I wonder how long they'd take to ship me a new phone if I lose mine. Or if they'd let me just buy a new phone from apple at the subsidized price.
It's 6.99 per month per phone and 199 deductible.
Why not just get AppleCare+?
Because AppleCare doesn't cover lost or stolen phones. I had AppleCare plus on my iPhone 4S, and it was stolen (from my hotel room - crappy!). AppleCare did nothing for me.
That's why you get insurance - because it covers EVERYTHING. I'd rather pay $199 to get another device than to be told that there's nothing they can do for me.
Its not something I cant afford to replace (it would be very hard for me to pay $650 for another iPhone 5) therefore I dont get insurance on it. Thats just opinion - I certainly could be corrected.
Insurance isn't needed if you're smart about taking care of your iPhone like not leaving it in a hotel room or a car (as with all valuables), which you can control. AC+ at least covers accidental damage, which you can't control.
I was thinking the same thing. Stuff happens, you might leave your phone in a bar, restaurant and even if you have find my iPhone enable if somebody wants to steal it it's gone. Would much rather pay the $199