Now that I got my i4, I was looking into getting the insurance program through apple. My question is, do you guys think it is worth getting the insurance coverage on the phone or not? Pro's/Con's?
i think OP is referring to apple care, you can get that for the iphone.
Apple doesn't offer insurance. Try squaretrade, AT&T, State Farm personal artifacts insurance.
Apple are is not an Insurance Policy. It is simply extended Warranty.
AT&T, for some reason, will not cover the iPhone with their insurance.
AT&T does offer insurance for the iPhone now. It's just pretty expensive.