Keep reading to get all the facts you’ll need to choose between the two most popular iPhone protection plans…
Sold and backed by Apple, AppleCare+ iPhone protection plans extend the original manufacturer’s warranty of your iPhone from one to two years. This covers any hardware or software defects. AppleCare+ also provides two-years of accidental damage coverage for your iPhone. Service is provided at any Apple retail store Genius Bar or via mail-in. Over the course of your service agreement, you are limited to two incidents and one battery replacement. You must sign up for AppleCare+ within 60 days of purchasing a new iPhone.
SquareTrade has been offering protection for mobile phones, tablets, HDTVs and tons of other gadgets since 1999. Hellbent on trying to turnaround the warrantee industry, SquareTrade created protection plans that cover “breaks, spills & mishaps of everyday life.”
For iPhones, you can choose between monthly payments of $5, a two-year plan for $99 or a three-year plan for $129. Each incident will also cost you $75. Repair options include overnight mail-in service or the ability to be reimbursed for having a repair performed at a local shop or even the Genius Bar! You’re limited to four claims and one battery replacement. You can sign up for SquareTrade within 30 days of purchasing a new iPhone or longer if you happen to be covered by a carrier’s insurance program.
Chances are that your carrier probably offers an insurance plan of its own, but these typically carry a costly monthly premium (~$7-10) and have deductibles as high as $199. Although, one of the major benefits of these plans is that they cover your device if it’s lost or stolen. Hopefully you won’t be in that situation, but if you are, Find My iPhone should help you retrieve it.
iPhone protection plans aren’t one size fits all. AppleCare+ offers quick service due to Apple’s robust service network, but SquareTrade has more flexible sign-up options, plan lengths and payment structures, and more claims. You should review all of the information outlined in this post and reach out to each company’s customer service departments if you have further questions before making your final decision.