Well, the insurance will replace it if I lose it or it's damaged in any way. You have to pay the deductible. They offer refurbs if available, or new if not. I purchased my phone at Best Buy and took out the VZW insurance plan, not the BB plan. It's older than 30 days, so BB will not replace it anymore. If I take it to VZW they will not do anything unless it's a defect. I could call VZW and say it's rebooting all the time, but those replacements will be refurbs too, likely. At least that is what the guy in a VZW store said (when I asked before I messed the phone up). Does anyone have actual experience with directly talking to VZW on the phone for a defect replacement, or with using the asurian insurance to replace an actual droid?
For what it's worth, I dropped it hard on gravel. The metal is all chewed up, the screen has some deep scratches on it, and the slider wobbles and is loose now. I never drop my phone, but I was outside in the cold, wearing gloves, and after a beer tasting which consisted on 12 7 oz beers in about 45 min... they all added up to my being stupid and dropping the phone.