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Discussion in 'iPhone' started by MSTRKRFT, Apr 2, 2011.
Like if I were to buy it through at&t or verizon?
Biggest thing - accidental damage protection with the phone company plan. Other big caveat - with the phone company plan you might be a refurb from them that hasn't gone through the normal Apple standards. With AppleCare, you're guaranteed to get a refurb through Apple's quality checks. Alas, no accidental damage though.
Accidental damage and loss is usually covered by the those insurance plans however the deductibles can be rather high. Make sure you read the fine print
Yeah, those deductibles bite... sometimes you're better off saving a few duckets, thereby "insuring" yourself.
I think AT&T's deductible is close to the replacement cost apple charges for a damaged iPhone and when you tack on the premiums, you're actually paying more.
Insurance packages from carriers are rarely good value and often a complete rip-off.
For example, in the UK, O2 offer insurance on the iPhone at the following ridiculous rates for the 32GB iPhone 4:
£15 a month monthly premium and the following excess (deductible): £100 for first claim, £125 for second claim and £150 for third claim.
Bearing in mind that Apple will give you a swap out for a damaged phone (including water damage) for £139, losing money with this insurance is a guaranteed certainty:
If you break it once, you'll pay £280 on O2 (12x15 premium + £100 excess), compared to £139 just swapping it out. If you break it twice, you'll pay £405 compared to £278 and if you break it 3 times you're paying £555 with O2 insurance compared to £417 at an Apple store for a swap out each time. Of course, if you don't break it you'll pay £180 for the insurance compared to nothing if you don't insure it
The O2 insurance does also cover loss or theft (but not unattended theft), but most household insurance will give you that for a very small premium (around £10 a year)
This has got to be quite simply the worst "insurance" policy in the history of insurance policies: I've never seen one that under absolutely no circumstances do you come out better off than if you didn't have it!
I am no fond of any of these policies but would prefer the Applecare. At least you pay a finite amount and not monthly payments for ever.
Phil A.: Well said, man. While that's true of all insurance, these phone insurance plans only ensure you lose.