abosfreakinlutellyno. These plans are really no good for anyone other than ATT. They often get added without knowledge - of course a confirmation is done but nobody really understands. Sometimes they are FREE for the first month, but then nobody remembers to cancel. After 2-3 years you've already paid enough to buy a new phone. When one buys a new phone, one forgets to terminate this coverage.

Most decent credit cards have some 90 days of damage, loss coverage. Some have mentioned squaretrade, it's a better value as it's a one time purchase 75-100$ and then either NO or LOW deductible. No, you can't just walk in and walk out of an ATT store with a new device, but I don't see that as a problem.

The ONLY caveat I would make is there USED to be a 10.99 plan that would cover a family up to FOUR on a shared data mobile share bundle. At that price, for FOUR iphones - two of which are most likely Kids, there is an argument to be made that the cost/benefit for that is decent. YMMV. If it's still available on family plans, it would most likely require a call and some negotiating.

Otherwise, walk away ;-0