google translate "Versicherungspolice" = "
insurance policy"
"Versicherungsbedingungen" = terms of insurance.
It is not an insurance policy. Apple actually refer to it as a protection plan. The protection plan is a continuation of your 1 year warranty. Thus you are buying an extended warranty, where if you actually want to use the warranty you have already purchased, you need to pay a usage fee. This is not that hard to understand. You do not pay premiums for continued use of applecare. It is not a warranty. It is a one-off extended warranty.
What other 'insurance policy' do you know of, anywhere in the world,where the insurer only limits you to insure your contents for 2 years and no longer? Yes you need to pay an "excess" if you want to use your applecare, but that is the only similarity that applecare has with an insurance policy.
If it were an insurance policy, you would not be required to have applecare prior to your 1 year's worth of warranty running out. You would pay a premium based off the condition and age of your device (depending on the local laws governed by insurance policies). You would be able to continue to insure the device for as long as you are happy to pay for the insurance...And if you made a claim, your premiums for the following year would be higher than if you did not make a claim (depending on the local laws governed by insurance policies).
Depending on Local laws, a child can not take out an insurance policy without adult consent. How many kids buy an iPhone with applecare+?????
To suggest that applecare is an insurance, is to state you have the most basic and simplest understanding of what insurance is.
And finally, have you ever heard of anyone being convicted of insurance fraud because they made a claim of accidental damage, when in face they damaged it on purpose??? No you have not. Because it is not insurance.