MBP Coverage?

For warranty coverage, AppleCare is excellent and allows you to deal directly with Apple, rather than going through a 3rd party. For insurance coverage (for accidental damage), check your homeowner's policy or renter's policy.

 

sounds like you just answered you own question

 

Last time I checked, Squaretrade was a diminishing value policy. You get a certain amount of coverage (basically the value of the item you're purchasing coverage for). Then each time you need to get a repair, the cost of it is taken off of that $ amount. So it's conceivable that, if you needed several costly repairs, you could run out of coverage, and thus your policy ends. For some people it works. I prefer to stick with Applecare (and my homeowner's insurance for theft coverage). I've needed it a few times and have never had any hassle at all getting my machines repaired. I also find it more convenient because I don't have to pay for a repair and then get reimbursed. It really is just personal preference, though. No matter what you choose, make sure you read the policy thoroughly before signing up so you know what to expect.