I don't really understand why people buy the AppleCare Protection Plan when they first buy their iphone since you can buy it right before your 1 year warranty runs out. The AppleCare Protection Plan does not cover things like damage, being stolen, or if you loose it. So if one of these things happens to you, then you just wasted $69 buying an extended warranty that has not taken place yet. The only upside is you get 1 year of tech support but most people here know what they are doing and would never need it. If you don't need the tech support, it seems best to just buy it right when your normal 1 year warranty is about to expire. Am I missing something here?