All iPads Extended Warranty

I don't know about Wal-Marts, but Apple Care + is good as is SquareTrade. Shop and compare.

 

You could check out Worth Avenue Group. Covers cracked screen, liquid submersion, fire, flood, natural disasters, accidental damage, theft, vandalism. $50 deductible. Premiums vary according to device, but are quite reasonable IMHO.

 

I have only used Applecare, so don't rely solely on my word, but the major differences are:

Worth Ave. is an insurance policy covering loss from damage/theft (you need to substantiate the theft with a police report). It does not cover manufacturers defects.

SquareTrade covers damage and defects beyond the standard Apple warranty. However, from what I understand, their maximum liability is the cost of the device less costs of repair. So if they repair a $499 device for $400, you only have $99 in coverage left. They may have changed this so ask someone who's dealt with them. SquareTrade does not cover loss.

AppleCare+ covers defects for an additional year, plus 2 replacements for damage. No theft protection.

 

Interesting points. I have AppleCare on my iPad 2, but after a relative's iPod touch 4G was stolen while she was teaching (which I had given to her as a gift), decided that something better was needed, so I opted for Worth Avenue Group not only for her replacement touch (now 5G), but my touch 5G well.

I figure that if there are defects, they are going to show up within Apple's one-year warranty coverage. Most homeowner's policies have a $500 deductible or higher, so Worth Avenue Group's coverage was a good option for theft, cracked screens, and other damage.