You can’t argue with theft and loss insurance in an AppleCare plan.
Along with the launch of its new AppleCare One bundle, Apple has begun to offer theft and loss insurance for iPad and Apple Watch devices. This represents the policy’s first major change since AppleCare+ became a subscription-only service in February 2025.
The new protection is available from July 24, 2025, and in both cases, and offers the following to users:
- Theft and loss coverage up to twice a year
- Unlimited repairs for drops and spills
- 24/7 priority support from Apple
The updated coverage is available as either a monthly or annual fee, with the price points as follows, including service fees:
- iPad: $4.99/month or $49.99/year
- iPad service fee: $129 per claim
- Apple Watch: $2.99/month or $29.99/year
- Apple Watch service fee: $199 per claim
Previously, AppleCare used to be available for a specific period, and users would pay upfront for the whole cost of typically two or three years.
The new system’s subscription model is, in theory, unlimited, and ends only whent he user cancels it. However, while Apple does not appear to specify this for AppleCare+ with Theft and Loss, under its new AppleCare One bundle, it does say devices must be under four years old.
There are a number of conditions as to what will and won’t be covered if an iPad or Apple Watch is stolen or lost. In both cases, Find My must be enabled on the device, which are as follows:
“For iPad, neither the Apple Pencil nor the Magic Keyboard — or any other Apple-branded keyboards — will be replaced.
Note, though, that if you include them in the AppleCare One’s three-device limit, one Apple Pencil and one keyboard can be covered for accidental damage. Unless you are bereft of other devices, this seems like a bad use of the device limit, though.
With the Apple Watch, the band on the replacement will be an Apple-branded one, regardless of what band was stolen, such as Hermes or Nike.
Also, note that the Apple Watch theft and loss provision does not cover you for losing just the band on its own. It is solely for the whole Apple Watch and strap.”
If you’ve had a chance to try the new AppleCare plan with loss and theft coverage, please let us know about your experience in the comments.
Via AppleInsider