Is AppleCare smartphone insurance worth buying?


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You can cover a lost or stolen iPhone with a new insurance policy — but it will cost you.

Apple has quietly launched a new product that may be just as exciting as the next iPhone: AppleCare+ with Theft and Loss.

Sure, an insurance policy doesn’t have colorful apps, augmented reality and stereo sound, but if you accidentally leave your iPhone in a taxi (we’re not pointing fingers), you can recoup some of the loss.


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This new policy is more expensive than regular AppleCare+ coverage. The regular AppleCare+ policy for the new iPhone XS costs $199, while AppleCare+ with Theft and Loss will set you back $299. Likewise, it costs $129 to get a standard AppleCare+ policy for an iPhone 8, but $199 to get AppleCare+ with Theft and Loss.

Both policies come with two years of technical support, as well as coverage for hardware and accidental damage costs. However, you’re not getting the iPhone’s entire cost back. There’s a hefty deductible — approximately the price of the policy itself — that starts at $199 for the iPhone 7 and stretches all the way up to $269 for the iPhone XS and iPhone XS Max.

iPhone owners can typically declare the loss or theft of their smartphone on a rental or homeowners insurance policy. However, those deductibles can be quite hefty as well — often hundreds of dollars.

The new iPhone XS and iPhone XS Max cost $999 and $1449, respectively. Another $299 may be a hefty sum for some customers, but it’s a price that users are free to balance against the risk of losing their new iPhone.

This article originally appeared on GearBrain and was syndicated by

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