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For iPhone users who decide to go without insurance, it is worth knowing what your repair and replacement options are.
You can always go through Apple, which, depending on the situation, can either repair or replace your phone. But that can get expensive very quickly. You can also turn in your phone for an upgrade if you have one coming on your phone plan. But for iPhone 6 users, that time will not come for a while.
Independent repair services abound, but make sure to shop around because rates and prices will vary.
For example, iCracked, based in Redwood, City, California, has hundreds of technicians called iTechs who will come to you and repair your phone.
A.J. Forsythe, a co–founder of the company, says the average repair costs between $80 and $120—and that anywhere from 8 to 10 percent of the company's customers have breakage coverage but use iCracked anyway.
ICracked is now gearing up to offer a warranty plan that would cap the cost of repairs. "Any time you break your device or drop it in water or beer or whatever, you literally press a button and an iTech comes and fixes it for $25."
An arrangement like that may make the most sense, consumer advocates say.
"Insurance should cover big events that really harm your family's economic situation," said Bob Hunter, director of insurance at the Consumer Federation of America. "Phones, I think, are not usually worth insuring. Just make sure the contents you have are backed up on the cloud or somewhere."