According to MacRumors, iPhone owners may sign up for an Asurion Mobile Insurance plan for US$5 per month starting July 17th. The Insurance plan can be added to the handset within 30 days of purchase and may include a deductible.

The documentation on AT&T's website has not been updated to include the iPhone but similar handsets have a $125 replacement charge. This is a welcome change in plans for new iPhone owners as the previous insurance offering cost $12 per month and had a hefty $199 deductible.

[Via Engadget]

This article was originally published on Tuaw.
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