I think I just earned a free Apple iPhone 13 Pro. Sort of, anyway.
It’s been 12 years since I got my first iPhone in 2008 and I’ve declined AppleCare coverage on every single phone upgrade I’ve had since then. That’s probably 5 different iPhone upgrades.
AppleCare coverage is $10/month or a $200 flat fee. 156 months that have passed since I bought my first one, so I’ve saved $1,000-$1,500 by self-insuring. I haven’t dropped or damaged my iPhones even once over that span.
There would also have been an opportunity cost to spending all that money upfront, month-by-month, so I’m sure I’ve more than covered the cost of my new phone ($1,200).
Hopefully I won’t drop it on the first day I get it!
What are your thoughts on mobile phone insurance? Would it pay out for you?
Image Credit: Apple.com