When I received my iPhone in December, we signed up for the $15 a month insurance that covers all accidents and physical damage outside of the phone being stolen or lost. Does anyone know how Best Buy replaces a broken phone? Do they just give you a new iPhone in the box and you pop your SIM card in? My iPhone was recently dropped and the screen is cracked. The digitizer wasn't damaged so the phone is still fully functional. I plan on upgrading to the 4th iteration of the iPhone in June, but I am worried I have lost most resale value of my phone. Could I wait until June with my current iPhone, get it replaced by Best Buy, and then immediately sell it as "New, In Box" after upgrading to the new iPhone? I'm thinking I could upgrade the broken phone to the iPhone 4 and then return the broken phone to Best Buy for a replacement. Once replaced I could sell the new iPhone 3GS for most if not all of what I paid for the new iPhone. Is this a sound plan? I am not quite familiar with all of the legalities. And I don't want to do anything smarmy or illegal. I just want to take the best advantage of the insurance I am paying each month. Thanks for any help!