Greed?
AT&T were not very informative about the new AppleCare Plus, so I also picked up AT&Ts insurgence to be fully covered. Going to look at both options ad see what's best for me, i have time to choose. For people like me, on the water and up on mountains I now have a piece of mind. 3 iPhones in my life no problems, but last July 4th mine got water damage after being on a boat. It sucked! I was not sure what to do, oddly came out to be okay only cause a family member needed an iPhone too, so I was lucky if you look at the right way. Peace of mind is worth it to me, these things are not cheap, especially when you go to 32 or 64gb.
I remember everyone being upset about no insurance, now it's greed that there is insurance. No one is making you buy it so it's not greed, it basically what a of people have wanted, and made a lot of people not buy an iPhone. I know many who didn't buy one for that reason, or was stolen, etc (AT&T covers theft). I never trusted those 3rd party companies insurrences. These little things take a lot of drops, even if your as careful as me, except my one fluke accident that could have ruined my vacation. Like everything if you don't like it then don't buy it, if so then do, it's a choice and I'm happy with my choice.