AT&T the biggest telecom company of U.S has just announced today they will drop support of specific iPhone insurance policy from July 17 in favor of adding the iPhone in its standard insurance policy which cost $4.99/month.


“Effective July 17, 2011, the Apple iPhone (all models) will be eligible for coverage with the AT&T Mobile Insurance program (formerly Wireless Phone Insurance),” the company said. “Enrollment restrictions apply. Customers can only enroll within 30 days of a new activation or upgrade, prior activations or upgrades outside of 30 days are not eligible.”

With this insurance plan, they will pay you $125 per device in case of theft, accidental damage, electrical and mechanical failure, and company will only allow you two claims in the period of 24 months