Its just extends the one year warranty and prorates the phones price if you loose it damage it and so on
I contemplated using SquareTrade for my iPhone 4s, but if I was going to spend money on a protection plan I wanted something would cover lost and stolen phones. I use ProtectMe Plans $129 for 2 years ($50 deductible for damaged phones and $75 for lost or stolen phones). It's slightly more expensive than SquareTrade but for me the extra coverage is worth it.
How reliable/reputation is this company? I tried Google but couldn't find much.
Thanks,
Harvey
Apple care done went up to 99.00 but it now covers screen breakage.