I was looking to purchase either Safeware or Squaretrade insurance for my new IPhone but it seems that these are less of a good deal than I originally thought. Each costs around $140 for two years (published rates) plus a $50 deductible. So if you have a claim for damage (Squaretrade doesn't cover theft) you will be out approx $170-190. But it appears that Apple will sell you a replacement for $199 for damage. Other than theft (Safeware only) or multiple damage claims these don't seem like a good deal, esp since Squaretrade will "fix" yours (or try) while Apple will sell you a new or refurb. What am I missing here?