Just finished reading this whole thread. So basically after the 15 days "Grace Period", even if you return your "lost" phone, the insurance company will not return the $185 deductible? Therefore leaving "NO INCENTIVES" whatsoever for us to return the re-found phone.
From what I read, it seems pretty fair not to return it. You're better off trying to get back your deductible by selling the phone yourself on eBay or Craiglist.
There's only two options:
1. Return the newly found phone and lose $185 and a phone (maybe another $300). Assurion 2 | 0 Customer
2. Keep the newly found phone, since they won't return back your money anyways and only lose $185. However you still have a chance of making that money back by selling the phone. Assurion 1 | 1 Customer <-- EVEN!
Option 2 seems like the fairest to me. Keeping in mind the fact that this service is NOT FREE, we pay a monthly fee for the insurance policy to Assurion. Plus there's no damage done, both you and Assurion are happy, since assurion has no idea that you found the phone anyways. No damage done.
For those of you guys that pick option 1, please feel free to do so and I respect your choice. However don't judge me if I sit back and laugh while you lose $500 - $600 for been so righteous.