Apple is offering an upgraded warranty called AppleCare+, where the “+” adds coverage for accidental damage.
SquareTrade.com has always offered accidental coverage as an option.
So the question is, which is better?
- The price is the same – around $100 for two years of coverage.
- The deductible is the same – about $50 per repair/replacement.
- The maximum repair/replace claims is the same – two.
They seem pretty much the same. Is one better than the other? I emailed SquareTrade to ask that very question. According to them, here are the reasons why SquareTrade is better:
- Apple offers up to two repairs. SquareTrade can actually authorize up to three repairs, depending on the nature of the problem.
- You have a 30-day window after your iPhone purchase to buy a SquareTrade warranty. Apple states you must purchase AppleCare+ at the time of your iPhone purchase (Note: this rule has been relaxed for new iPhone 4S orders until November 14, 2011).
- Apple charges an administrative fee for canceling warranty coverage early. SquareTrade does not.
- SquareTrade waives the deductible if you have a local repair option – which I do! If needed, I can get a repair done locally and then SquareTrade will reimburse me.
For my money, the winner is SquareTrade.com. (No, I don’t work for SquareTrade – I paid $99 for my 2-year warranty!)
I hope I never drop my shiny new iPhone into a swimming pool. But if I do, I won’t have to pay $600+ to replace it!