Hi, I found the Asurion mobile protection app and the insurance is $11.99 a month with a deductible of $199 for either iPhone 4 16G or 32G. Seems steep, but covers loss, stolen, cracks, water damage and so on. You only have 30 days from buying the device to insure it. i have about 15 days left and wanted to see what others are doing to insure this product. Obviously if mine were lost or stolen I would be forced to buy one at the no commitment cost which would com out to $770 after taxes. Is there any better or more economically friendly policies? You have 2 claims per year and the max they cover is $1500 per year.