SquareTrade Announces 2-Year Apple Watch Protection Plans

hero-applewatch-ribbonAlternative insurance protection plan service SquareTrade today confirmed support for both the Apple Watch Sport and mid-tier Apple Watch models. The plans sit near the cost of AppleCare+ for the Watch, but cover accidental damage done to the device, unlike the additional charge required in AppleCare+.

The SquareTrade Apple Watch plans offer customers options with and without deductibles. So, for example, the Apple Watch Sport plan ranges from $59 to $69 (with deductible) and $129 to $159 (with no deductible). Similarly, the mid-tier Apple Watch models stretch from $79 to $149 (with deductible) and $169 to $239 (without deductible).

Both Watch tiers are 2-year plans covering malfunctions as well as accidental damage. The company believes that one of the most likely points of risk for the Watch will be "among others, drops and falls from nightly charging stations." But it assure customers that anything beyond intentional damage, loss, or theft will be covered by the plan.
"We don't mean to dampen all the excitement about the Apple Watch, but inevitably the klutz in us will come out. Just like smartphones, the Apple Watch accompanies us everywhere and is susceptible to the wear and tear of daily life," said Jessica Hoffman, vice president of global communications for SquareTrade.
The company has even gone so far as to create a "Wrisk" Predictor Lifestyle Quiz that aims to predict which Apple Watch model is most suitable for each customer's lifestyle. The company created the so-called Wrisk Factor to detect and perceive the risks for the wrist-worn device.

squaretrade apple watch
AppleCare+, in comparison, sees its two-year plans priced at $49 (plus $69 deductible for accidental damage) for the Sport and $69 (plus $79 deductible for accidental damage) for the mid-tier Watch, with the only gradient pricing range increasing with the added option of a combination iPhone/Apple Watch plan. AppleCare+ also provides a $1500 plan for the Apple Watch Edition, but SquareTrade appears to have opted out in focusing on those higher-end customers for its new Watch protection plans.

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Buyer's Guide: Apple Watch (Neutral)


Top Rated Comments

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50 months ago
I'm confused. Apple's $49+$69 (deductible) is still cheaper by $20 then their plan.
Rating: 5 Votes
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50 months ago
I purchased the Apple Care for the first time on any Apple device. Given the FUBAR that this launch has been I felt I needed some security. When I saw this, I was thinking, darn I could have gotten a cheaper insurance. After reading the article, I am back to feeling good about my Apple Care decision.
Rating: 2 Votes
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50 months ago

I'm confused. Apple's $49+$69 (deductible) is still cheaper by $20 then their plan.


Actually much cheaper than ST. Doesn't Apple allow 2 accidental damages and unlimited repairs?

ST makes you buy a new warranty once replaced.

So Apple is $49 w/ ded of $69 + $69 = $187 for sport
SQ would be no ded $129 + $129 = $258 or $268 (w/ ded)

The only advantage to ST is that you can keep getting warranty coverage on each replacement whereas after 2 years of original purchase with Apple you are no longer covered.

The best coverage is to buy AppleCare first, then buy ST right when the 2 years is up. ST allows you to buy coverage so long as item is less than 30 days old OR you have current coverage.

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The article says it will protect against theft and accidental damage while the actual site says it won't protect against theft. Which is it?:confused:


It does not protect against loss or theft. The article is wrong.

ST doesn't cover it because you are "10x" more likely to drop/break it vs get it stolen.
Rating: 1 Votes
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50 months ago
What are they thinking with their pricing?? I was considering going with ST instead of AC+. But they just changed the plan today and it's not worth it at all. Before today it was $79 for 3 years and no deductible to cover the SS Apple Watch. To cover my 42mm SS Milanese Loop it would cost me $149 with a $99 deductible, so I'd be paying more than twice the price for the plan and $20 more for the deductible. Looks like I'll go with AppleCare+ instead.
Rating: 1 Votes
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50 months ago
Upsie is a better deal. Can get 5 year coverage for only $54.23 and only a $25 deductible, for my space grey 42mm Sport.
Rating: 1 Votes
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50 months ago
Apple Care+

Why would you consider anything else other than Apple Care+
Rating: 1 Votes
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50 months ago

The problem with no-brainers is that a brain isn't always involved in the decision-making process... You can mail in your iDevice with AppleCare + just like you do with SquareTrade, plus it costs less. Definitely a no-brainer. ;)


Mebbe so. OTOH, I get my Apple watch plan free with the points I've earned protecting everything else in my house.
Rating: 1 Votes
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50 months ago
I use SquareTrade for everything I have that has an on/off switch, from my iPhone to my refrigerator.

I've filed multiple claims with them, and they are great. It's a no-brainer for me since I live two hours and two states from the closest Apple store.
Rating: 1 Votes
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50 months ago

Actually much cheaper than ST. Doesn't Apple allow 2 accidental damages and unlimited repairs?

ST makes you buy a new warranty once replaced.


Unless they've changed it for he Apple Watch, this is not correct. We have ST on all of our iPhones and have been able to make multiple claims without buying a new plan.
Rating: 1 Votes
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