AT&T has finally announced that it will be offering its standard Mobile Insurance program for the iPhone starting July 17th. All iPhone models will have the option of a $4.99/month fee that protects against theft, loss, physical injury, liquid damage and mechanical or electrical malfunction.

The main catch is that existing customers won’t be able to update their current iPhone model with AT&T’s new policy. The carrier’s update only applies to new customers or upgrades within the last 30 days.

“*Please Note: AT&T Mobile Insurance Update: Effective July 17, 2011, the Apple iPhone (all models) will be eligible for coverage with the AT&T Mobile Insurance program (formerly Wireless Phone Insurance). Enrollment restrictions apply. Customers can only enroll within 30 days of a new activation or upgrade, prior activations or upgrades outside of 30 days are not eligible.”

There will be a $50-$125 deductible for each claim, depending on the iPhone model. Originally, AT&T didn’t offer any type of insurance for the iPhone. Since 2010, AT&T has offered a more expensive plan of $11.99/month with a $199 deductible.

AT&T covering theft and loss is a huge win for iPhone users. When the iPhone 5 comes out, many customers will probably buy this standard insurance plan.

What about you? Are you glad AT&T is finally including the iPhone in its Mobile Insurance program? Will you be buying insurance with your next iPhone?

[MacRumors]

  • Alex L

    im on verizon

  • Joe

    Sounds legit. I have used square trade in at&t’s lack of insurance.

  • t-mizzle

    they need to lose the deductible

  • Abdul abaca

    They can keep it, this is just another way for them to get more of your money if anything Apple should offer insurance for there devices maybe an extra $100.00 when buying your iPhone and if your going to upgrade to a newer modle and your current iPhone is in great condition credit the $100.00 to the new iPhone your getting. That’s how it should work since were really renting these phones until the next one hits the market.

  • thehelio

    what a waste of money. You can get any part on ebay and fix it yourself for far cheaper.

  • Bomber

    isnt that bad? what is there to stop someone from “losing” their iphone on purpose?