Good news. I dropped by the Verizon store and asked about my insurance. Luckily, I've got it.
As great as that is, I'm torn. On one hand, I've got a friend of a friend that's looking to sell his OG Droid for $75-$100, OR I can file a claim and get a replacement (which could be a Droid 1 or 2) for $89.
I need some help deciding. Influence me.
The Insurance replacement is covered for the future. Your friends Droid 1 would not be covered so if the replacement from your friend was damaged in water or just stopped working you'd be out of luck. I'd go with the warranty.