It is insurance- pure and simple. It does cost $180 upfront and $50 for physical damage, so that means you are paying $230 to fix a busted screen. So if you have a claim you pretty much break even. Other damage might be more to fix, like if you drop your phone in water.
That being said, after paying $1200 for a new iPhone for my wife, I paid the $180 for Apple Care.
|