Yes, you can purchase insurance for your Apple iPhone!

As you likely already know, and as has become the case with higher priced “smartphones” through many providers, traditional mobile phone insurance is not available for the iPhone. That doesn’t mean you want to leave your $500 or $600 iPhone unprotected, does it? “What?” you say, “I paid $199 for my iPhone”. That may be true, but it is important to know that those prices are subsidized by your mobile carrier (i.e. AT&T) and are one-time purchase prices only. If you damage or lose your iPhone, you’ll need to replace that phone at full price ($499 or $599).

Of course not. Luckily, there are still several options out there that will help cover you should something happen to your iPhone.

AppleCare

AppleCare is Apple’s extended warranty and support program which covers products outside their limited manufacturer’s warranty. In the case of the iPhone, AppleCare will provide an additional year of coverage for defects and repair, including the battery.

AppleCare does not provide coverage for accidental damage, which means that drops, spills, splashes, and anything and everything else that Apple can attribute to your misuse rather than a product failure will not be covered by AppleCare.

To get real damage insurance for your iPhone read on below:

A handful of companies have arisen to fill the gap created by the lack of carrier-provided mobile phone insurance for certain devices. These companies are now offering coverage plans for the iPhone.

Squaretrade, who has been in business since 1999, is offering coverage equivalent to the AppleCare program, called the CarePlan, for as much as $30 less per year less (depending on what model and size of iPhone you need coverage for). Should your iPhone need attention, Squaretrade promises to fix it or pay you the full purchase price of the iPhone, all within five days. SquareTrade’s insurance plans have received near perfect consumer ratings on NexTag and Epinions, and has received an A+ rating from the BBB (Better Business Bureau). As a result, Squaretrade has sold over 1,000,000 warranties to date.

Despite the rave reviews and the lower price, the key factor that sets the SquareTrade warranties apart from AppleCare and other competitors is the coverage for accidental damage. SquareTrade is the only licensed insurance provider that covers accidental damage. According to SquareTrade, “drops, spills, water damage, battery failures or any other failures from normal use or accidental damage” are all covered under their plans.

For more information on SquareTrade, head directly to their page, Click the Buy Now portion of the SquareTrade iPhones Break image below to purchase their warranties. There are plans starting at $96 and easy 3 payment plans that are just $32 to start! I think you will agree that this is very affordable for any budget!

SquareTrade2

2 years of coverage: The SquareTrade iPhone warranty covers your iPhone for 2 years, starting on the date of purchase.

Accidental Damage from Handling (ADH): 80% of all iPhone failures reported to SquareTrade are caused by accidents. The SquareTrade iPhone warranty is the only coverage option that protects against drops, spills, and other accidents!

Deductible: There is a $50 deductible when claiming on an accidentally damaged item (e.g. drops, spills). If your issue falls under the standard warranty terms (i.e., a mechanical or electrical failure), no deductible applies.
Exclusions: There is a 30-day exclusion window after you first purchase your item. ADH does not include loss, willful damage or damage occurring through gross misuse of the item. The damage must have occurred unintentionally while the item was being used as intended.

Extended coverage of the manufacturer’s warranty: The SquareTrade iPhone warranty also extends the same coverage as the manufacturer’s warranty. This covers all mechanical and electrical problems that arise out of normal use. This includes most hardware failures and power/charging failures.

No deductible: If your iPhone fails because of a manufacturer defect, there is NO deductible to claim.
Battery: If the iPhone battery life drops below 50% of the original, it’s eligible for a replacement.

All warranties sold by SquareTrade are covered by AmTrust Financial Services, a company rated A- by A.M. Best.