The iPhone treated as its own class of device when being insured on the AT&T network for long period. For some people, a shattered iPhone touch screen is a $100 repair bill. So AT&T has informed customers that the iPhone will be eligible for their Mobile Insurance program starting on July 17th.
AT&T’s mobile insurance program offers protection against loss, theft, accidental physical or liquid damage and mechanical and/or electrical failure. The program costs $4.99/month and a $50 or $125 deductible for each claim depending on the particular model.
*Please Note: AT&T Mobile Insurance Update: Effective July 17, 2011, the Apple iPhone (all models) will be eligible for coverage with the AT&T Mobile Insurance program (formerly Wireless Phone Insurance). Enrollment restrictions apply. Customers can only enroll within 30 days of a new activation or upgrade, prior activations or upgrades outside of 30 days are not eligible.
Previously the iPhone coverage on AT&T ran $11.99 per month with a $199 deductible. This was pretty much 100% not worth it because Apple’s practice is normally to replace accidentally damaged iPhones for a flat $199 fee. Normally you would get a refurbished model, but those are normally as good as new.
So the choice of getting any insurance at all is always up for debate especially since Apple is known to replace accidentally broken and out-of-warranty iPhones for a flat $199 repair fee, though this doesn’t cover loss or theft.