Starting July 17 new iPhones or upgraded iPhones will be eligible for AT&T's standard mobile insurance plan.
The company replaced its previous iPhone insurance plan with the regular $4.99 monthly Mobile Insurance program which covers loss, theft, accidental damage and mechanical or electrical failure.
All model iPhones can enroll within 30 days of a new activation or upgrade after July 17.
AT&T's new plan is much cheaper than Verizon Wireless who offers a $10.99 monthly plan for iPhone devices. The Verizon deductible runs $169 for the 16GB model and $199 for the 32GB model. AT&T's non-refundable deductible is only $50 or $125 per approved claim, but only two claims are allowed every 12-months.