So, you just got an iPhone 5, or you're thinking about getting an iPhone 5, and you're wondering whether you should insure it.
Replacing a broken iPhone is more expensive than you may realize. The new iPhone starts at $200, but that price is contingent on signing a two-year contract with a carrier.
If you lose your phone or break it beyond repair, expect to pay $650 for a new one.
The iPhone 5 comes with a one-year warranty but that only applies when the device conks out because of a defect. If you drop your phone, you’re out of luck.
So, if you are prone to losing things and dropping things, then you should probably consider some insurance.
Apple Care+: For a one-time fee of $99, you can purchase Apple’s Apple Care+ up to 30 days after you buy your new phone. The two-year plan will cover two instances of “damage due to accidental handling.” So if you drop your phone in the toilet, or if it falls out of your purse and cracks, Apple will fix it or replace the phone for a fee of $49 each time. Apple Care+ does not cover phones that have been lost or stolen.