In a newly added iPhone frequently asked questions (FAQ) page of its site, AT&T today published a number of contract terms important to prospective iPhone buyers. Notably, the FAQ discloses both a 10% open box restock fee for returned iPhones and a limited 14-day return policy, shorter than the 30-day return policies often offered for mobile phones. There is no restocking fee for unopened iPhones. AT&T also notes that iPhone ships with a SIM card pre-installed in its removable tray, and that the phone “must be activated before it can be used” regardless of whether you already have an AT&T SIM card.
Most interesting is the fact that iPhone is not covered by AT&T’s optional wireless phone insurance program, which offers replacements for damaged or defective AT&T phones during the life of your service agreement. “iPhone is ineligible for the Wireless Phone Insurance program offered to AT&T customers,” says the FAQ. “iPhone is covered by the Apple Warranty. If you have Wireless Phone Insurance from AT&T, it will be removed from your line of service.” Additional questions for current AT&T customers are also answered in the FAQ.