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Sprint to Launch Total Equipment Protection Plan for iPhone on January 25

Engadget reports that Sprint will finally begin offering its Total Equipment Protection (TEP) plan for the iPhone beginning January 25. The TEP plan offers coverage not only for device failures that occur outside of Apple's standard warranty but also loss, theft, and damage.


The TEP plan consists of two parts, an $11 monthly fee for the service and then a significant $150-$200 deductible for cases where the phone requires replacement due to loss, theft, or physical damage. Consumers have 30 days from the date of purchase of their device in which to enroll in the program.

AT&T offers a similar program, although it costs $6.99 per month with a $199 deductible for all iPhone, iPad, and iPad mini models. Verizon's Total Equipment Coverage carries a special higher rate for iPhone compared to other devices, with the monthly fee set at $9.99 and deductibles ranging from $169-$199 depending on model.

Related roundups: iPhone 5c, iPhone 5s, iPhone 6

Top Rated Comments

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Posted: 21 months ago

Sprint will replace the phone for free if the problem is a manufacturer defect.


$132 a year...doesn't exactly sound free to me.
Rating: 7 Votes
Posted: 21 months ago

Ok, I don't get it... AppleCare+ is $99 plus $49 for each of up to 2 replacement iPhones.
Why are people using these outrageous carrier plans?


Exactly! AT&T has their own "protection plan," but I would rather have AppleCare+ myself :) After all, Apple is the company that makes and fixes my phone. Why would I expect a carrier to do the same? Thats like asking Comcast to fix my TV if it breaks. That doesnt make any sense?

If someone can explain this to me, by all means, I'd love to know :)
Rating: 4 Votes
Posted: 21 months ago
Any of the carriers insurance plans are a rip off. If you don't want to get AppleCare fine, but even without it apple will replace a broken out of warranty iphone for a flat fee. $149 for iPhone 4 and older, $199 for a 4s and $229 for a 5. Why would you pay $11 a month to pay the same deductible as the apple store charges for a new phone? The only benefit the carriers offer is if the phone is lost or stolen, but if you haven't enabled Find My iPhone by now you're an idiot and aren't responsible enough to have a $600+ phone.

http://support.apple.com/kb/index?page=servicefaq&geo=United_States&product=iphone (http://support.apple.com/kb/index?page=servicefaq&geo=United_States&product=iphone)
Rating: 4 Votes
Posted: 21 months ago

With TEP, even after the Apple Warranty is out, Sprint will replace the phone for free if the problem is a manufacturer defect.


Ok, but doesn't AppleCare+ cover the phone for two years from the date of purchase against the same defects?

If anything happens to my phone after my two year contract is up, I'm either using it as an excuse to get a new subsidized handset or I'm switching carriers. These carrier warranties don't make any sense when it comes to Apple products. The carriers are just trying to take advantage of uninformed consumers who blindly walk into a carrier store and say they want an iPhone and who haven't done any research about what Apple provides in terms of extended warranty.

I'm sure the carriers manage to sucker quite a few people in with these warranty gimmicks. Sprint didn't add the option because it "knows accidents happen" and wants to look out for their customers. Sprint added the option because they ran the numbers and it was apparent that warranty sales would be a good source of revenue from uninformed iPhone buyers.

Even in loss and theft cases, total up what you've paid for the insurance for, say, a year and a half. If the phone gets stolen 19 months after you bought it, you likely would've been better off saving the money you gave to Sprint every month especially when you couple that with the $150-$200 deductible, it really doesn't make sense. Save that money and use it to pay the ETF to get away from Sprint!
Rating: 2 Votes
Posted: 21 months ago
sprint sucks.
Rating: 2 Votes
Posted: 21 months ago
The only upside i see to any of these carrier plans is that it covers theft and loss.

If you damage your iPhone out of warranty you go to the apple store and pay out of warranty replacement cost which last time i checked was the same as buying the phone with a new contract. So to replace an iPhone 5 if you broke it out of warranty would be $199.

Scams for money, thats it.
Rating: 2 Votes
Posted: 21 months ago

Any of the carriers insurance plans are a rip off. If you don't want to get AppleCare fine, but even without it apple will replace a broken out of warranty iphone for a flat fee. $149 for iPhone 4 and older, $199 for a 4s and $229 for a 5. Why would you pay $11 a month to pay the same deductible as the apple store charges for a new phone? The only benefit the carriers offer is if the phone is lost or stolen, but if you haven't enabled Find My iPhone by now you're an idiot and aren't responsible enough to have a $600+ phone.

http://support.apple.com/kb/index?page=servicefaq&geo=United_States&product=iphone (http://support.apple.com/kb/index?page=servicefaq&geo=United_States&product=iphone)


Thank you! You are so right! I keep telling family and friends NOT to buy any of the extended warranty crap (Apple or otherwise and definitely not carrier ones), and with Apple's half price replacement you describe, I think it's worth the risk.
Rating: 2 Votes
Posted: 21 months ago

Ok, I don't get it... AppleCare+ is $99 plus $49 for each of up to 2 replacement iPhones.
Why are people using these outrageous carrier plans?


Go tell Apple you lost your iPhone and want a replacement.
Rating: 1 Votes
Posted: 21 months ago
I got the AT&T plan because it offers to replace iPhones dropped in the bathtub, which happened to my daughter's iPhone 4s last week, but now I found out that Apple will do the same at the same replacement price of $199.
Rating: 1 Votes
Posted: 21 months ago

Anyone here with any sort of decent financial background (or has any reference for what is or isn't financially viable) will tell you up and down that carrier plans are a *waste of money*

yep. house always wins.
Rating: 1 Votes

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