Who I have the same questioned this topic

Yesterday my iPhone 6s Plus fell out of my pocket into the water while I was at the beach.

It works perfectly fine, but from what I’ve read will eventually be destroyed by corrosion.

I’ve been paying my device off for over a year, and was planning to upgrade as soon as I finished paying which will be very soon. However, I’m scared now that I won’t be allowed to upgrade?

I have phone insurance through Verizon, but the lady I spoke with today was trying to tell me that the salt would evaporate (that’s not how it works, but ok) and that the phone would be fine. She said when it stopped working they would replace the phone for $149. 

As much money as I pay per month for my phone bill and the cost of this phone I want to upgrade.

So, since I’m eligible, can I still upgrade even though my phone took a splash in the ocean or does this render my phone ineligible?