News of a cheaper iPhone took the Internet by storm last week, and those hoping for a bargain-basement price for one of the finest pieces of machinery known to man saw those dreams dashed, at least for the time being, when Apple executive Phil Schiller clarified that such a thing
A third party company is now offering an the equivalent of an insurance program for iPhones that will cover screen repairs and other accidental damage to the iPhone. Mission: Repair is now offering Peace of Mind/Maintenance Performance Guarantee that will lets you pay in advance for repairs in a way that functions similar to an insurance program.
For most of us, $500 is quite a bit of money to spend on a cell phone, especially when it's so susceptible to accidental damage. Apple's AppleCare protection program is great for defects, but accidental damages aren't covered. If you drop your shiny new iPhone (or smash it with a golf ball), the only way to get a replacement is to pay for it. As it turns out, many local insurance agencies offer protection on such high value objects. State Farms has reportedly been insuring people's iPhones for as little as $1.25 per month, or $15 a year with no deductible.