AppleCare does not cover you if you drop your iPhone or spill liquids on it. It only covers failures through normal use. That leaves you exposed because 80% of iPhone failures are from Accidents.
SquareTrade is the only licensed provider to cover failures from accidents and normal use. We will pay you cash in case of drops, spills, water damage, battery failures or any other failures from normal use or accidental damage.
SquareTrade is offering a special right now of 20% off the normal price if you follow