It’s no secret that iPhones are expensive. Naturally, more and more iPhone users choose to insure their devices to protect them from their untimely demise. An accidental fall is all it takes to knock out this costly investment.

Apple iPhone Insurance Plans

Hanging out next to a pool with your friends, you’re not expecting anything out of the ordinary. But you forget that your phone is in your pocket.. and there it goes, straight into the water.

There are lots of such scenarios that can damage your iPhone beyond repair, many of them preventable, and, unfortunately, most occur way more frequently than they should. In addition to this, iPhones are also a prime target for theft, a threat that is outside of your control.

Apple iPhone Insurance Plans

All of this doesn’t mean you should feel unsafe when walking around with your device or that the only option is to stay paranoid about all the ways you could lose your precious phone – there is a solution. Feel at peace with your iPhone and be confident that it will be covered, lest it is stolen, broken, or lost, with the help of iPhone insurance.

iPhone Insurance Plans

There are several types of insurance plans for iPhone available, including:


AppleCare+ is an extended warranty plan offered by Apple that provides coverage for accidental damage, such as drops or spills, in addition to the standard coverage provided by the manufacturer’s warranty. It also includes technical support from Apple.

Additionally, customers can get global repair coverage, which means Apple will repair or replace eligible devices, even if they are out of warranty, anywhere in the world.

It is important to note that AppleCare+ must be purchased within 60 days of purchasing the device, and coverage begins from the date of purchase.

Manufacturer’s warranty:

This is the standard coverage that comes with an iPhone when it is purchased new. It typically covers defects in materials and workmanship but not accidental damage.

Carrier insurance:

Many cell phone carriers offer insurance plans that cover accidental damage and theft, in addition to providing a replacement phone if your iPhone is lost or stolen. These plans often require a monthly fee.

Third-party insurance:

There are also independent insurance companies that offer coverage for iPhones, which can include accidental damage, theft, and loss. These plans may also include additional perks, such as worldwide coverage and coverage for multiple devices.

Homeowner’s or renter’s insurance:

Some policies include coverage for personal belongings, including smartphones, and may cover loss or damage.


There are several limitations of iPhone insurance plans to be aware of:

Coverage exclusions:

Many insurance plans have exclusions for certain types of damage, such as water damage or cosmetic damage. It is critical to read the fine print and understand what is and is not covered by the plan.

Apple iPhone Insurance Plans

High deductibles:

Some plans may have high deductibles, which means you will have to pay a significant amount out of pocket before the insurance kicks in. This can make the plan less cost-effective if you only make occasional claims.

Limited coverage:

Some plans may only cover the cost of a replacement iPhone and not other expenses, such as data recovery or restoring personal information.

Limited duration:

Many plans have a limited duration, and coverage may expire after a certain period of time. It is important to check the plan’s duration and renew it if necessary.

Claim restrictions:

Some plans may restrict the number of claims that can be made or limit the amount that can be claimed.

Additional costs:

Some plans may require additional costs, such as a processing fee or shipping costs, which can increase the overall cost of the plan.

Not available in all countries:

Insurance plans may not be available in every country or region, so it’s important to check the availability of the plan before purchasing.

It’s crucial to get an in-depth insight into each type of iPhone Insurance plan and what they consist of and come to a conclusion with the help of the information available.

Are There Insurance Plans that Cover Accidental Damage?

Yes, there are insurance options available that cover accidental damage to iPhones. One of the most popular options is AppleCare+ for iPhones, which provides coverage for up to two incidents of accidental damage per year, each subject to a service fee.

Another option is to purchase insurance from a third-party provider. Many mobile phone carriers, such as AT&T, Verizon, and T-Mobile, offer insurance plans that include coverage for accidental damage to smartphones, including iPhones. These plans typically include coverage for damage caused by drops, spills, and other accidents, as well as protection against theft and loss.

Additionally, there are independent insurance providers that offer coverage for accidental damage to smartphones, including iPhones. Some of these providers also offer broader coverage, such as protection against loss, theft, and other types of damage.

Is It Worth It To Insure Your iPhone?

Whether or not it is worth it to insure your iPhone depends on your individual circumstances and needs. Here are some factors to think about when deciding if insuring your iPhone is worth it:

Cost of the iPhone:

The cost of the iPhone is an important factor to consider when deciding if insuring it is worth it. If the iPhone is relatively inexpensive, the insurance cost may not be worth it.

Likelihood of damage or loss:

If you are prone to accidents or live in an area where theft is common, insuring your iPhone may be more worth it than if you are particularly careful with your phone and live in a safe area.

Cost of the insurance:

Compare the cost of the insurance to the cost of replacing the iPhone. If the insurance cost is significantly less than replacing the phone, it may be worth it.

Personal peace of mind:

Insurance can provide peace of mind knowing that you are protected in case of accidental damage or theft.

Availability of the insurance:

Not all regions or countries have the same insurance options, and some may not have insurance options at all, so it’s important to check the availability of the insurance before purchasing.

Home insurance:

Some homeowners’ or renters’ insurance policies cover personal belongings such as smartphones, so it’s worth checking if your policy covers your iPhone before buying additional insurance.

Carefully consider these factors and weigh the pros and cons before deciding whether or not to insure your iPhone.


In summary, there are several types of insurance plans available for iPhones, including extended warranty plans from Apple and the manufacturer, carrier insurance, third-party insurance, and coverage through homeowner or renter insurance policies. The type of coverage, deductibles, and pricing can vary widely, so it’s important to compare options and read the fine print before purchasing a plan.

iLounge author Lucy Bennett

Lucy Bennett is a Contributing Editor at iLounge. She has been writing about Apple and technology for over six years. Prior to joining iLounge, Lucy worked as a writer for several online publications.