We have 2 new iPhones, and there was a considerable effort to sell AppleCare Plus or the Verizon equivalent, first at Best Buy and then by Verizon. When I look at the numbers, it just doesn't look like a good deal, but others here buy it, and I'm wondering if I might be missing something.
Basic AppleCare plus is $149, upgraded with theft and loss $249, both per phone. Deductible for accidental damage is $99, deductible for loss is $229.
So, one incident of accidental damage costs $397 (2@149+99). With the upgraded policy, one lost phone costs $727 (2@249+229). The phones cost $650 each. My credit card gives one additional year of warranty and 120 days of theft and damage.
With two phones, it seems to make sense to self-insure. The possibility of damage is lessened somewhat using protective cases, and the likelihood of loss is somewhat reduced by using the iPhone "find my phone" function. The phones now have some protection against getting wet. So, it looks like AppleCare + with theft and loss really is of benefit when there are multiple incidents.
Basic AppleCare plus is $149, upgraded with theft and loss $249, both per phone. Deductible for accidental damage is $99, deductible for loss is $229.
So, one incident of accidental damage costs $397 (2@149+99). With the upgraded policy, one lost phone costs $727 (2@249+229). The phones cost $650 each. My credit card gives one additional year of warranty and 120 days of theft and damage.
With two phones, it seems to make sense to self-insure. The possibility of damage is lessened somewhat using protective cases, and the likelihood of loss is somewhat reduced by using the iPhone "find my phone" function. The phones now have some protection against getting wet. So, it looks like AppleCare + with theft and loss really is of benefit when there are multiple incidents.