SquareTrade has announced its new accidental damage warranty for the iPhone. The warranty, which guarantees repair or reimbursement within five days, provides coverage for damage resulting from the phone being dropped, crushed, or cracked. “Like all cellular phones, iPhones get carried from place to place—from home to the office, in and out of pockets and purses. It’s inevitable that they will be dropped and sometimes break,” notes Steve Abernethy, CEO of SquareTrade. “We offer an easy solution at a fair price to protect your purchases.” Exact pricing details have yet to be released.