AT&T to offer a $4.99 phone insurance plan for all their phones

According to a post on Pinstack (a Blackberry forum), AT&T are going to start offering a $4.99 “equipment protection plan” on all their phones, including the iPhone and Blackberry devices.

I’ve never been a big fan of these plans as the insurance provider usually manages to find a way to deny any claims, but $5 to cover accidentally dropping your iPhone in the toilet doesn’t sound too bad. T-mobile have been offering a similar plan for as long as I can remember, so I guess it was time for AT&T to catch up.

Source: Pinstack forum

UPDATE: looks like the rumors were wrong… The iPhone is NOT going to be included in this plan, and all high-end phones will come with a $150 deductible.