My iPhone doesn't work and I don't have insurance?

So I have the iPhone 4 under contract with Verizon. I got it around November or December I believe. The free warranty it brings has expired, hasn't it? Okay so yesterday at a concert, water accidentally got spilled on my phone. I can see the water in the screen. It messed up the screen so much I can barely see on it. Also my speakers don't work.can't even call anyone because I can't hear them. And now it died because it had no more battery left, and when I tried charging it it wouldn't work.
Although I know this is physical damage and not verizon's own fault, before this happened the power/lock button at the top had stopped working. It stopped working around a month ago. I think it got jammed or stuck or something, but when I looked it up on the internet it appears I'm not the only one this has happened to. It happens to a lot of people's iPhones. Now this is the phone's fault.

And I don't know what to do. Would Verizon give me a new phone? I'm only like a year or less with my contract. Would I have to buy a new contract to get a new phone? I need a new phone as soon as possible since it doesn't work anymore.

Try taking it in to apple, since you just recently bought it you should still have the warranty on it from Apple not from Verizon. Otherwise put it in a bag of rice and hope for the best. I'm not sure if Verizon would make you buy a new phone but you might be able to get another one at a discounted price? Not sure, good luck!

If you'd gone to Verizon before you completely ***'d it up. They'd have given you a new phone or repaired yours. Now yours is completely broken they will not repair it, or give you a new one. This is because all the stuff not working on it that it your fault, could have also ***'d up the button and you'll need some serious proof to prove that the button was broken before your drowned the phone.