Insurance Question

[mreocc]

I was going to sign up for the Asurion insurance plan which is 11.99/month with a $200 deductable. However, I just found out that Apple repairs out-of-warranty iphones for $199. WHy would anyone pay 11.99/month when they can get their phone fixed by apple for the same price w/o a monthly fee.

Am I missing something?

 

[iWeldonJ]

I was going to sign up for the Asurion insurance plan which is 11.99/month with a $200 deductable. However, I just found out that Apple repairs out-of-warranty iphones for $199. WHy would anyone pay 11.99/month when they can get their phone fixed by apple for the same price w/o a monthly fee.

Am I missing something?

I'm not worried about the warranty coverage. I'm worried if I lose it, it gets stolen or i drop it accidentally.

 

[djransom]

I'm not worried about the warranty coverage. I'm worried if I lose it, it gets stolen or i drop it accidentally.

If you drop it the price is still $199 to replace it. The only thing Assurion would be useful for is theft or lost. I just called them and cancelled my coverage yesterday. Couldn't continue to give them $12 a month when I've been blessed to never lost or had a phone stolen. That money could be placed towards something more useful.

 

[highres]

Square Trade. They cover the cost of the phone. Also can insure against any kind of user damage, most claims settled within 5 days. AppleCare is a ripoff.

 

[iWeldonJ]

If you drop it the price is still $199 to replace it. The only thing Assurion would be useful for is theft or lost. I just called them and cancelled my coverage yesterday. Couldn't continue to give them $12 a month when I've been blessed to never lost or had a phone stolen. That money could be placed towards something more useful.

So if it gets lost or stolen are you going to pay $770? which is the cost of the 32 Gig with taxes.

 

[Mlrollin91]

Square Trade. They cover the cost of the phone. Also can insure against any kind of user damage, most claims settled within 5 days. AppleCare is a ripoff.

Yes but square trade is still $99 plus a $50 deductible. I rather pay the extra 50 dollars, walk into the Apple store and leave with a replacement in 10 minutes. You don't even need Applecare for an out of warranty replacement.

 

[mreocc]

So basically the only differerence is that asurion offers coverage on loss/theft, which apple does not. If i were to drop my phone and the screen shatters does apple replace it for $200?

 

[dagored]

So basically the only differerence is that asurion offers coverage on loss/theft, which apple does not. If i were to drop my phone and the screen shatters does apple replace it for $200?

That's the going rate. Sometimes for free.