But Verizon covers even after 2yrs if you want to keep it longer then that. I think the extended warranty is for the life of that phone as long as you don't remove it.
At what cost? Apple Care is a flat $99, where the Verizon is $15 a month I believe. I dont know if Apple covers theft, but the Verizon deductible is $149 I beleive. To me, Apple Care is the better value, especially if you add the Verizon insurance at the end of two years you would save $260. JMHO
Every march they let you you add it after 30days. Your phone has to be under 2yrs old. No AppleCare doesent include theft. Apple care is 2times in 2yrs.