Soon AT&T will offer insurance for your iPhone. They will start covering the iPhone on July 17, the company’s existing mobile insurance policy will offer coverage against loss, theft, accidental physical or liquid damage, and mechanical and/or electrical failure after Apple’s warranty expires.
The plan already covers other phones and mobile devices. Insuring an iPhone will cost $4.99 a month for each mobile number and a $50 or $125 deductible will be applied for each claim, depending on the model of iPhone. AT&T will replace the phone within the next business day in most cases with either a new or remanufactured phone but is limiting the number of claims to two within 12 months.