Protection plan offers coverage for iPhones with monthly subscription
Third-party electronics warranty company SquareTrade released today its protection plan for all iPhone models, including the new iPhone 5s and iPhone 5c. Protect My Phone provides two years of protection against malfunctions and accidents for $8 per month. The plan covers up to four repairs or replacements, reimbursement for service from Apple's Genius Bar within 24 hours, and the option to cancel at any time. Accidental damages are included, such as drops, spills, broken screens, liquid damage and normal-use issues.