Earlier quoted context omitted.
Because even though I can afford to buy/repair a new phone if I break mine; it still _feels_ terrible to have to spend 500+ bucks because I was a dumbass. I literally toss my phone to my couch or my bed from across the room dozens of times a week without worrying about misjudging the throw (which happens more than I’d like to admit), toss is on the ground at the gym, have no problems taking long baths with it, washin…
Yes, the argument is that the entity providing the insurance is surely earning more income that they are paying out since in addition to payouts, they also have overhead costs and must be profitable. Said another way, their customers are paying more than they receive, on average. That's a mathematical and economical certainty. You are right that it might still feel better to you to pay regularly instead. That's subje…
AC+ includes what they call "Express Replacement Service", where you will send you an entirely new device as part of your claim, and they'll reuse your old one for parts.
If you _just happen_ to accidentally fall with your phone in hand right after the new ones come out, the delta in price between "a scuffed up, used 1-year old phone" and "brand new refurbished device from Apple" is higher than the price of the insurance and incidental damage fees.