No iPhone Insurance from AT&T

I’m disappointed to learn that AT&T may not offer insurance coverage for the iPhone, according to a Think Secret source.

Without insurance, iPhone owners will be gambling each time they leave home with their $500-$600 devices. I’ve had a handful of cell phones lost/stolen/broken in the past, and I’m sure I’m not the only one.

Nevertheless, there is hope: “An AppleCare for iPhone plan is in the works that would cover the hardware for a period of two years,” Think Secret reports.

Apple offers a similar AppleCare plan for the iPod, which includes 2 years of coverage for $59. That’s about $5 a month for a $250-$350 device. The iPhone plan will likely cost more.