I just figured i'd point out the obvious. These phones cost a BUTT load of cash, and putting yourself into a position where you would need to pay for it twice is just insane. I emplore you ALL to grab up some insurance. I went into my local State Farm rep's office (Small office mind you, literally only one room) and inquired about getting my iPhone insured during the 3G release. She (the rep) got onto the phone with someone higher than herself asking if she was able to file it under a specific policy covering they have and told me within less than 10 minutes I was covered. Fastforward to yesterday I called her again, seeing that I allowed my old policy lapse, since I had sold the phone and asked if they still had that option, she let me know that it would be $92 for the entire year for x2 iPhone 4's. That $92 covered both my 32GB i4 as well as my wife's 16GB i4. So for that price the policy coveres EVERYTHING, from theft, loss, accidental damage, water damage, etc. etc. etc. I feel pretty pleased knowing that now I have some form of cushion, just incase I drop this thing. All I needed was my reciept for the actuall phone, which needed to have the serial number on it, and she put it through. One question I did have for her was regarding the insured amount of the phones seeing that I got them with new contracts and the recipt reflected the subsidized prices. She stated that they have (in their system) the model number with each cost, they then add tax for the area and that is the amount they insure it for. Needless to say by the time I got off the line with her I was MORE than happy. Do yourselves a solid, GET insurance. BTW if anyone is intrested in getting it, and for whatever reason your statefarm rep won't insure you, PM me, and I'll give you my reps details. I did everything over the phone, seeing that all I needed to do was email her copies of my receipts and ID, and I was done. SO I'm sure it wouldn't matter if you were in a different state than myself. P.S: I almost forgot the best part, you don't need to be a previous policy holder with them. This can be your one and only policy if you'd like. Also there is NO deductible. I checked with her SEVERAL times before starting the policy.