Experience with Hilo/Verizon extended "warranty"

[leilanidude]

I only "buy" a new phone when the model is about a year old and the carrier wants $1 for it with no contract, and never pay for the insurance as a result. Have 3 phones that way on a Verizon family plan right now with decent amount of data and unlimited everything else. Costs about $130 a month for all 3 with all fees and taxes.