No. of Recommendations: 0
Keep in mind what this is -- Insurance. Nobody does this to loose money, so some portion of the $100 people pay is profit and expense at Apple.

I trust you are aware of how this works - if you are talking accidental damage as is dropped you pay a $49 deductible. While there is no deductible for a product failure in the second year, Apple Stores are well known for replacing products that are technically out of warranty in that second year for actual product (not accident) issues. I sense, but have not seen written in the accidental damage area you need to have a functionality issue -- i.e. if you seriously scratch the case, I question if you are going to get a replacement iPhone.

All that said, some folks are klutzes. Others are careless. If you fit in one of those groups, than at $100 this may well be a bargain. Paying $650 for a replacement iPhone is certainly more expensive than the $150 for insurance plus deductible.

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