Is 'protect your bubble' a good service?

My iphone 5 warranty runs out soon.

i either extend my warranty with apple for £61 year,

or shall i join protect you bubble which i heard they do insurance if i lose my iphone 5, they can replace it, or fix it if their are water damage for £5.99 per month which apple DOES NOT DO THAT.

Not worth it… You need to read the policy very good.
it doesn't cover water damage also will only replace theft if there's a police report with a smashed door in the report.

I got the standard insurance from them last month. Paying £30 for the full year. I think it is worth it.

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