I never had my phone drop except one time. It turn out to be fine.
My phone died mostly of electronic. That red indicator comes from condension.
If you cant take care of an expensive phone, then #!#$$%^&a$&*$% not get one.
Phone company are making killing $$$ off insurance. And if you have to pay deducatable, then you are giving them more money. I wonder if anything less than one year if HTC fix it for free for Sprint. I compare phone insurace to airline check in bag fees. Do not give your money away!