Verizon iPhone 5 monthly insurance?

I have the $10 monthly insurance on my iphone 5. What does that protect me from? If I broke my screen would they replace it?

You get a refurbished model.

Read your warranty booklet they provided when you bought it. Usually they will repair the problem or replace the phone with a similar refurbished unit.

You'll have to read your contract for the details, but generally, if you break your screen, you pay $75 (or some such) and send in your phone, and they send you a refurb.

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