I bought it. $50 for a replacement phone if I break it is a pretty darn good deal. Having Apple service and not some oddball warranty company is also a pleasing thought. Especially when the idea of replacement to a lot of them is you footing the bill for a $700 phone and they send you a check when they get around to it.
Their are two main differences, cost and coverage. The carriers all use Asurion. The main thing they cover that Apple does not is loss and theft. The other main differentiator is cost. Asurion is $12 a month plus $169 deductable for replacement. If you have one phone replaced before buying the next iPhone(12 months of coverage with one replacement) the cost for Applecare is $150 vs. $315 for Asurion. If you go the full two years and use two replacements the cost is $200 for Applecare vs. $630 for Asurion. Asurion will also cover more than two replacements as well. If you think that you will need two replacements, are prone to losing phones, or think you have a high likelihood of it being stolen then Asurion is what you need at the higher cost. Otherwise Applecare+ is the way to IMHO.
Originally Posted by ivhs72