No Iphone Total Equipment Protection= No Deal

I was going to preorder an iphone trough Sprint but i noticed that the total equipment protection service that its available to all devices on Sprint wont be available for the Iphone. Just s you Sprint buyers know, if you lose your iphone or break it, you gonna have to pay full price to get a new one . I loved the fact you could get replacements for $100 (or 150) on any phone, bummer =/.