My iphone 4 got wet. What can i do?

So my phone fell in the toilet and i put it on rice for 24 hours but hasn't turned one.
I'm on a two year contract with verizon and the contract isn't over until December.

What are my options? Can i replace the phone with any other smartphone i have?
Can i buy a new phone with another two year contract?

Pull the back off of it & dry it out with a hair dyer on low heat, the water will never get out of it with the back on it.

(I understand that you will need a special pentalobe screwdriver to do this, one comes with a battery swap kit)

Put it I'm rice for a

  • My Iphone 5 got wet. Can I take it into Apple to get fixed? The indicator did not go off. But the headphone jack is messed up and makes my music sound horrible. Also, my home button does not work. Is there anyway to maybe fix it?
  • My iPhone 5 got wet can I fix it? I accidentally wet my iPhone a little and now the speakers don't work that we'll. I don't want my parents to know, how can I fix it.
  • IPhone 5s got wet! How can I fix it? So I did the stupidest thing ever, walking on thin ice… Even worse I had my iPhone 5s in my back pocket! And then I felt thru the ice, into the water. I took got up after 3 seconds and pulled the phone as quick as I could out of my pocket! When I got home like 7min later I dried it. I followed some guides online, but my screen is still kinda messed up… Can any one help, it's urgent…
  • I got my iPhone 4 wet. Can I pay for an iPhone 4S to replace it? I wen't to Apple after going through a lot with the water damage. The woman said "I can't belive you're iPhone is still working." So she told me to go home at soak it in rice. She said their is a "CHANCE" of it working again. I'm wondering because she told me if I wanted to replace my iPhone it would cost 169$. Can I buy an iPhone 4S with the same cost?