I just went through the process of "upgrading" to a new iPhone 6. The checkout process involved a barrage of warranty options to cover the hardware.
ALERT: YOU DON'T NEED THAT COVERAGE!
That shiny new iPhone comes with 1 year of Applecare coverage.
"Every iPhone comes with one year of hardware repair coverage through its limited warranty and up to 90 days of complimentary support. AppleCare+ for iPhone extends your coverage to two years from the original purchase date of your iPhone1 and adds up to two incidents of accidental damage coverage, each subject to a $79 service fee plus applicable tax." --https://www.apple.com/support/products/iphone.html
I understand the fear-factor of a broken iPhone, really. But throwing another ten bucks a month at my carrier is a waste of $120 year. Applecare can also be extended for a 2nd year - for $99. So, in round numbers, that's $140 saved in the course of two years.
(Apple say that the iPhone costs $199. Baloney - we all pay more than that, over time. So I'm using the same number-distortion vortex to arrive at a $50 net price.)
It's pretty telling that my carrier didn't bother to say "THIS COVERAGE IS REDUNDANT." There's probably some little additional wrinkle to it, but let's be rational. Covered is covered.
So do yourself a favor. Check that wireless bill. If you're paying for a warranty, and you've got a less-than-2-year-old iDevice, you may not need to do it.
(Heck, you can put the difference into a Solo video subscription with us :-)