Comment by whizzter

What wat points out is that if you have the finances to replace a device yourself at any point in time due to an _unlikely_ event, it's just a waste to pay a third party for the insurance if _you can handle the risk yourself_.

Applecare+ for an iPhone seems to run at about 80% of the device cost over 5 years, however if you were likely to buy a new device after 5 years anyhow then short of fully losing your new devices every 2.7 years (or replacing the screen every 8 months or so) you're at a financial loss to go with the insurance compared to just buying new devices when the need arises.