iPhone 11 Pro Who’s buying AppleCare+ w Theft and Loss? Cash or payment plan?

thomasfxlt58

macrumors regular
Original poster
Sep 14, 2014
178
66
I think I’m going to opt in to Applecare+ w theft and loss for this $1400 phone. I typically buy a new one every year so at $15/mo I’ll spend $180 to get damage coverage, theft and loss. Considering what it costs to replace a screen alone (and how many I’ve fixed over the years) I think good insurance. If I break a screen, it will save at least $100 with the $29 deductible. It can be cancelled at any time. If you pay full price in advance, you’ve got 2 years of coverage for $300 (save $60 vs the payment plan at 24 months).
 

praxis219

macrumors member
Sep 22, 2018
51
56
Applecare is a waste of money. I never use a case and have never broken a phone. If it breaks I'll just buy a new one. I've saved thousands of dollars on not buying this stuff in the past 10 years.
 
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Kmart9419

macrumors 6502
May 4, 2011
269
325
I think I’m going to opt in to Applecare+ w theft and loss for this $1400 phone. I typically buy a new one every year so at $15/mo I’ll spend $180 to get damage coverage, theft and loss. Considering what it costs to replace a screen alone (and how many I’ve fixed over the years) I think good insurance. If I break a screen, it will save at least $100 with the $29 deductible. It can be cancelled at any time. If you pay full price in advance, you’ve got 2 years of coverage for $300 (save $60 vs the payment plan at 24 months).
iPhone XS max tradein is $600 and the x is $400. That’s how much your phone will be worth in one and two years respectively. AppleCare plus ain’t worth it. Better off using that money to buy a new phone if broken. Deductible for lost phone is $267 so your total expense is close to $600. Highway robbery if you asks me.
 

praxis219

macrumors member
Sep 22, 2018
51
56
iPhone XS max tradein is $600 and the x is $400. That’s how much your phone will be worth in one and two years respectively. AppleCare plus ain’t worth it. Better off using that money to buy a new phone if broken. Deductible for lost phone is $267 so your total expense is close to $600. Highway robbery if you asks me.
Thanks -- a lot of people just talk about the deductible, but don't factor in the original cost of the AppleCare.

Also exactly, buying this much insurance for a quickly depreciating item is pointless.
 

mac.cali

macrumors 65816
Mar 16, 2012
1,348
247
Applecare is a waste of money. I never use a case and have never broken a phone. If it breaks I'll just buy a new one. I've saved thousands of dollars on not buying this stuff in the past 10 years.
Just because it worked out for you, doesn’t mean it will for others.
 
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thomasfxlt58

macrumors regular
Original poster
Sep 14, 2014
178
66
Applecare is a waste of money. I never use a case and have never broken a phone. If it breaks I'll just buy a new one. I've saved thousands of dollars on not buying this stuff in the past 10 years.
It’s insurance. Sometimes it pays off, sometimes not. The nice thing about the monthly plan is the protection in the first year. The phone will still have a high residual value after 12 months. If you break a screen early, you’re saving a lot. A new phone is going to cost you $289 is lost or stolen. That’s a big savings. The most I’ll spend is $180 plus any deductibles.
 

praxis219

macrumors member
Sep 22, 2018
51
56
It’s insurance. Sometimes it pays off, sometimes not. The nice thing about the monthly plan is the protection in the first year. The phone will still have a high residual value after 12 months. If you break a screen early, you’re saving a lot. A new phone is going to cost you $289 is lost or stolen. That’s a big savings. The most I’ll spend is $180 plus any deductibles.
People should take advantage of their credit card benefits for free. For example if you buy it with American Express, if it's broken/lost in the first 120 days they will fix or replace it for free. It also extends the warranty by 1 additional year.
 
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thomasfxlt58

macrumors regular
Original poster
Sep 14, 2014
178
66
iPhone XS max tradein is $600 and the x is $400. That’s how much your phone will be worth in one and two years respectively. AppleCare plus ain’t worth it. Better off using that money to buy a new phone if broken. Deductible for lost phone is $267 so your total expense is close to $600. Highway robbery if you asks me.
On the payment plan you’re only out what you’ve spent to date. You can make your claim and cancel after clipping your investment after one loss if you choose.
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People should take advantage of their credit card benefits for free. For example if you buy it with American Express, if it's broken/lost in the first 120 days they will fix or replace it for free. It also extends the warranty by 1 additional year.
I’ve owned 13 iPhones and never lost one or repaired one because of manufacturers defect; broken screens, water damage, left in an airport etc... Plus what has happened to my wife and kids phones over the years. Same thing.
 

noteple

macrumors 65816
Aug 30, 2011
1,407
323
People should take advantage of their credit card benefits for free. For example if you buy it with American Express, if it's broken/lost in the first 120 days they will fix or replace it for free. It also extends the warranty by 1 additional year.
Only up to $1000 natural disasters $500 per occurrence

and in New York coverage is 90 days not 120

Extended Warranty Green Card
  1. General Exclusions
    Benefits are not payable if the Loss for which coverage is sought was directly or indirectly, wholly or partially, contributed to or caused by:
    1. war or acts of war (whether declared or undeclared), participation in a felony, riot, civil disturbance,
      protest or insurrections, service in the armed forces or units auxiliary to it;
    2. any physical damage, including, but not limited to, damage as a direct result of natural disaster or a
      power surge, except to the extent the original manufacturer's warranty covers such damage;
    3. mechanical failure covered under product recall; or
    4. fraud or abuse or illegal activity of any kind by the Card Member.
  2. Don't leave home without it