If anyone wants a $30 off coupon code from SquareTrade, drop me a PM. I got 3 to give away. Essentially, your two year protection policy will be $94 instead of the normal $124.
Even at that price it makes no sense. You are paying $94 for $56 of insurance. Break your phone with no insurance, it's $199. With $94 insurance, you are out $144. I got Worth Ave coverage for $80 a year which includes loss and theft, which ST does not cover.