$240 per year. I find that very expensive. Insurance is always more expensive than the expected expense without, but this really doesn't feel like good value.
This depends on how likely you are to make a claim, no? I imagine some clumsy/unlucky people get good value out of their Apple Care plans.
> Gadget/Electronic Device Insurance typically operates with loss ratios between 30% and 60%. This means that 30–60 cents of every premium dollar are paid back out in claims. [0]
In other words, on average people pay twice as much in premiums than they would have without insurance. So you'd need to be way more clumsy/unlucky than average to make it worth it.
Of course, the peace of mind can be valuable too.
[0] https://www.swissre.com/dam/jcr:dfcf4d4a-d6f6-424c-949f-7940...