AT&T Wireless has announced that starting July 17, it will be offering insurance for all models of the iPhone for $4.99 a month. The AT&T Mobile Insurance plan covers the iPhone against loss, theft, accidental physical or liquid damage, and mechanical and electrical failure after the manufacturer’s warranty period has expired.
Here are some of the terms of the insurance:
- $4.99 Monthly Premium: Per mobile number enrolled and a non-refundable deductible for each approved claim
- Incidents Covered: Lost, stolen, accidental damage and mechanical or electrical failure after the manufacturer’s warranty period has expired
- Non-Refundable Deductible: $50/$125 per approved claim, depending on the device model
- Replacement Time: Next business day (in most cases)
- Claim Limits: Two claims within any consecutive 12 months, with a maximum device value of $1500 per claim
- Replacement Equipment: Claims may be fulfilled with a new or remanufactured device. Colors, features and accessory compatibility are not guaranteed.
- Cancellation Policy: Cancel anytime and receive a prorated refund of your unearned premium
Full terms of the insurance program can be found on the official AT&T Mobile Insurance page.
AT&T previously offered a separate insurance plan for the iPhone that cost $13.99 a month.
