IPhone 5 insurance, lost or stolen?

I just got the iPhone 5 with Verizon. I'm paying $10 a month for insurance That covers lost and stolen. Does this mean that since I have the insurance, that if I lose my iPhone, they'll give me another one for no extra fees? Just like that?

Most likely you're going to have to pay a deductible and knowing its that phone I would say 150-200 could be the price if its lost or stolen

Oh, you'll have to pay your deductible, likely $50 or $75. And then they permanently deactivate your old one, and then they send you a refurb. Maybe not the new I5, either, but whatever comparable model they have sitting on the shelf.

Verizon offers insurance through Asurion. It is called total equipment coverage. There's a $45 non-refundable deductible per approved claim. And you are limited to 2 replacements in a 12-month period with an equipment maximum of $400 per claim. Replacement devices may be remanufactured equipment. If the same model is not available, a comparable model will be provided.

Chec out Safeware.com. Low price and better coverage. A years coverage for about $100

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