You have to keep in mind the cost of premiums as well as deductible. In my case I have 4 lines...if I insured them all I would have another $30 a month going out...that's $360 a year plus the $200 deductible, for phones I got for free with Best Buy rebates. Basically I would have to lose or destroy 1-2 phones a year to break even. I guess if you are prone to lose or damage phones often, it may be worth it.... but it was cheaper for me to just buy a replacement phone at the cell repair shop for $240 with 1 year warranty and full refund if stolen phone is returned within 90 days. Still sucks though....I would rather have the old phone back.