UPDATE: Several lines of evidence indicate that the out-of-the-box band, but not band(s) that you purchase separately, is covered under AC+. Please check out AppleCare+ for Apple Watch. Apple hardware coverage AppleCare+ provides repair or replacement coverage, both parts and labor, from Apple-authorized technicians. Service coverage includes the following: Your Apple Watch Battery For Apple Watch and Apple Watch Sport, included magnetic charging cable and power adapter. For Apple Watch Edition, included magentic charging cable, power adaptor, charging case, and USB cable. Coverage for up to two incidents of accidental damage from handling of your Apple Watch, each subject to a service fee ($69 for Apple Watch Sport, $79 for Apple Watch, $1000 for Apple Watch Edition) plus applicable tax. So if your band breaks, AC+ won't cover it and you'll have to buy a new one? That seems strange, but I do notice that AC+ fees are the same whether you buy the base SS model (with the Sport band) or the most expensive Space Black SS model with the link bracelet. I assume they'll provide watch case only as the white box replacement and you transfer your existing band to it.