I normally don't pay for product protection plans or extended warranties on electronic devices, but I just got a new iPhone 4, and it sits at the nexus of portability (losable and drop-able) and high cost.
Here are the options I'm considering:
- Getting the AT&T Insurance. At $14.00/month, this is pretty pricey, even though they seem to cover everything including loss.
- SquareTrade. Costs half as much as the iPhone plan, but doesn't cover loss or theft.
- Just going without coverage and buying a used phone if mine dies or leaves my possession. (I'm actually not 100% sure if this is possible since I don't see any way to put a SIM card in an iPhone.)
- Checking with my insurance company to see if they offer personal article insurance. This makes me nervous, because I don't want my homeowners insurance to potentially go up in cost just because I lost my phone.
What are your thoughts? Am I over-estimating the cost of a lost or damaged iPhone?