When i went to Carphone Warehouse to get my UK iPhone yesterday, they talked me into buying their LifeLine iPhone insurance at £40 every 3 months, however, i contacted 02 to get a second opinion on their insurance and they told me they do the same insurance plan with them for £7.50 a month. So instead of paying £40 each 3 months with CPWH, go with 02 and pay £22.50. Much cheaper. I'm cancelling my iPhone insurance with CPWH on Monday. You get 14 days to cancel.