Is Apple Care with Theft and Loss Worth It?
As a Apple device user, you’ve likely seen the option to purchase AppleCare+ with Theft and Loss when making a new device purchase. This extended warranty program from Apple offers an additional two years of protection beyond the standard one-year limited warranty. But is it really worth the investment?
Before we dive in, here’s a brief overview of what AppleCare+ with Theft and Loss covers:
• Drops and Damages: Accidental damage, like cracked screens or water damage, is covered.
• Theft: Your device can be replaced or repaired in the event of theft or loss.
• Parts and Labor: All hardware repairs, including parts and labor, are covered for two years.
But is it Worth It?
To help you make an informed decision, here are some key points to consider:
About the Cost
AppleCare+ with Theft and Loss: $129 (for Macs) or $299 (for iPads or iPhones)
The cost can be a significant factor when deciding whether or not to invest in AppleCare+ with Theft and Loss. However, let’s examine the potential cost savings compared to repairing or replacing the device without insurance.
*h2>Repairs:**
No Insurance: If your device is damaged or stolen without insurance, you’ll be responsible for the full repair or replacement cost.
Device Repair Cost | |
---|---|
iPhone | |
+ Screen repair (out-of-warranty) | $199-$250 |
+ Water damage repair (out-of-warranty) | $450-$600 |
MacBook | |
+ Screen repair (out-of-warranty) | $250-$350 |
+ Motherboard repair (out-of-warranty) | $500-$800 |
On the other hand, if you have AppleCare+, the repair costs would be much lower:
With Insurance: If your device needs repair, you’ll need to pay a deductible (**$29-$99), and then Apple will handle the rest of the repairs.
Device Repair with AppleCare+ | |
---|---|
iPhone | |
+ Screen repair | $29+$199 (deductible) = $228 total |
+ Water damage repair | $99+$450 (deductible) = $549 total |
MacBook | |
+ Screen repair | $29+$250 (deductible) = $279 total |
+ Motherboard repair | $99+$500 (deductible) = $599 total |
As you can see, having AppleCare+ with Theft and Loss can save you a significant amount of money in the event of accidental damage or theft.
Theft Replacement
Now, let’s consider theft. If your device is stolen without insurance, it’s gone forever. AppleCare+ with Theft and Loss, however, ensures that you’ll receive a replacement device if your phone or tablet is stolen, or if you’re stolen from.
Theft Scenario | |
---|---|
iPhone stolen and sold for $500 profit | $0 (Device gone) vs. Replacement device (Cost: $299 or financed) |
MacBook stolen and sold for $1500 profit | $0 (Device gone) vs. Replacement device (Cost: $1295 or financed) |
Conclusion:
Investing in AppleCare+ with Theft and Loss can save you time, money, and worry in the event of theft, loss, or damage. While the upfront cost may seem daunting, consider the potential financial benefits.
Avoid costly repair bills: Protect yourself against unexpected repair costs, which can range from $200 to over $1000.
Receive a quick replacement: In the event of theft or loss, AppleCare+ with Theft and Loss ensures that you’ll get a brand-new device as quickly as possible.
- Financial peace of mind: Insure your Apple device investment and enjoy greater financial confidence.
If you’re likely to use your Apple device frequently, such as daily, or for work/critical tasks, AppleCare+ with Theft and Loss may be well worth the investment. Those who use their devices with care, on the other hand, may not deem it necessary.
Ultimately, the decision comes down to your individual needs and wallet. Weigh the cost against the benefits, considering your usage patterns and tolerance for risk.
TL;DR: AppleCare+ with Theft and Loss is worth considering if:
- You frequently use your Apple device or rely heavily on it.
- You’re not comfortable with the high cost of repairing or replacing your device out-of-pocket.
- You want extra peace of mind and reassurance.
Take the calculation and weigh your options, then decide for yourself:
Is Apple Care with Theft and Loss Worth It?
Ultimately, investing in AppleCare+ with Theft and Loss can provide an added layer of protection, financial certainty, and a sense of security for your Apple devices.