I'm just doing the insurance, not the extended warranty. The CSR said that after a year of the manufacturers warranty that if something goes wrong with the phone that I would have to pay a deductable of $149 or something like that to get it replaced. If they cover loss or damage, but they don't cover the phone if something goes wrong with it without charging you $149, how does that work? Couldn't you conveniently lose your phone if it develops a problem after the year is up and get a replacement for free?
I have a few friends that work at Verizon and they said the deductible is $89 for the DX.