[iMore Question]

Which is better and do they offer the same services. i.e. lost, stolen or damaged, or your device experiences a mechanical or electrical defect after the manufacturer's warranty expires.

[kch50428]

AppleCare+ DOES NOT cover loss/theft...

[HankAZ]

Which is better and do they offer the same services. i.e. lost, stolen or damaged, or your device experiences a mechanical or electrical defect after the manufacturer's warranty expires.

AppleCare+ does not cover lost or stolen devices.
Carrier plans may cover lost or stolen devices.
AppleCare+ is a one time premium, plus deductibles when you use it to replace your phone.
Carrier plans charge monthly premiums, plus deductibles when you use it to replace your phone.

[Just_Me_D]

Which is better and do they offer the same services. i.e. lost, stolen or damaged, or your device experiences a mechanical or electrical defect after the manufacturer's warranty expires.

It depends on "your" needs. Each have their pros & cons.