Insurance Question

Discussion in 'iPhone' started by mreocc, Jul 27, 2010.

  1. mreocc macrumors newbie

    Joined:
    Jun 28, 2010
    #1
    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?
     
  2. iWeldonJ macrumors member

    Joined:
    Jul 8, 2010
    #2
    I'm not worried about the warranty coverage. I'm worried if I lose it, it gets stolen or i drop it accidentally.
     
  3. djransom macrumors 68040

    djransom

    Joined:
    May 14, 2008
    Location:
    Chi-Town
    #3
    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.
     
  4. highres macrumors 6502a

    highres

    Joined:
    Jul 1, 2005
    Location:
    Near the Singularity
    #4
    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.
     
  5. iWeldonJ macrumors member

    Joined:
    Jul 8, 2010
    #5
    So if it gets lost or stolen are you going to pay $770? which is the cost of the 32 Gig with taxes.
     
  6. Mlrollin91 macrumors G4

    Mlrollin91

    Joined:
    Nov 20, 2008
    Location:
    Ventura County
    #6
    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.
     
  7. mreocc thread starter macrumors newbie

    Joined:
    Jun 28, 2010
    #7
    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?
     
  8. dagored macrumors 65816

    Joined:
    Sep 18, 2007
    Location:
    Florida
    #8
    That's the going rate. Sometimes for free.
     

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