Ensquared the #1 Authority provides you with an overview and review of AT&T iPhone and Phone Insurance. A very good comprehensive iPhone insurance coverage that includes Accidental Damage plus Lost & Stolen with addition of extended warranty. The Program is sold for $6.99 per month or $84 per year. This covers all iPhone models for 2 claims and extended warranty that only kicks in at year two. The Extended warranty part is really a lame duck if you own the device after one year and have already made your two claims for damage or loss. Do you carry on paying $6.99 per month only for extended warranty in year 2? Most would give up the extended warranty and discontinue. If damage and loss claims are still alive after Year 1 you need to view AT&T as a 2 Year policy in practice costing $168. There is no restriction on when you can claim. With awareness of these issues it is a solid program to buy.

Deductibles

Deductible is $199 for all models.

Claims

2 claims each up to $1500 (more than enough to cover any event in damage or total loss)

Limitations

You have to buy both the iPhone and the contract from AT&T or no deal. Also, you have to do it all in the first month after activation. Asurion is behind AT&T – nothing wrong with that. So simply, does $168 for iPhone 4S and all other models over two years with $199 deductible make sense to you VERSUS the competition?

What else is out there?

You can get Accidental Damage PLUS Lost & Stolen for $129.99 for two years; with $179 deductible and allowing 3 claims of $1000 each (more than enough to cover total loss on any iPhone model) over the term. Extended warranty is not included. No restrictions on where you buy it and where you contract it (AT&T iPhones are more than welcome), and a 30 day latitude to put insurance in place VERSUS 1 month. There is a 30-day no claim period initiating on date of taking out the iPhone insurance (where AT&T has none). Good solid underwriter behind the program (Fortegra – AM Best B++ (Good) and a NYSE public company). Where can you get this? Right here at Ensquared.

Summary

AT&T Insurance over two years is sold at a relatively high premium just to get extended warranty added, and it comes with also a relatively higher deductible, a limited time window of one month and you need to buy the iPhone from them. For example: If you buy iPhone from an independent retailer (even locked to AT&T), iPhone insurance with AT&T is out. Or: if you buy an unlocked iPhone, AT&T insurance is out. That is why channeling insurance into a comprehensive Internet insurer like Ensquared is so invaluable. Check out the Ensquared review for yourself