Can i get a warranty on my iPhone if i already bought it?

I dropped my iphone 5 in the toilet and was wondering if i can get a warranty and then a couple weeks later pretend like i dropped my phone in water so i can get it replaced for cheap? Can i get a warranty or insurance on my iphone right now?

Nope but you can sell it at best buy and get another

You can extend your apple care warranty, if your warranty is not expired.

But, warranty won't cover the water damage, and insurance can only be purchased at the time of the actually purchase of the phone.

Just take it to Apple store, i'm sure they can help you with that. Maybe they exchange your iphone within a new refurbished iphone for like $200 fee. I'm not sure.