I’m reading around the internet blogs that Apple is making some changes to AppleCare+... specifically they are raising the "incident" cost from $49 to $79. This means that you’ll still pay $99 for 2 years of coverage, and the coverage/exclusions will be the same (essentially it will cover everything except loss or theft), but you will have to fork over $79 per incident to get a replacement phone. You are still limited to 2 incidents within the 2 year period.