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Non-Verizon/Asurion Insurance Coverage

Does anyone have experiance with other companies that provide smartphoen insurance? I am looking at purchasing an additional Galaxy Nexus off eBay or the boards and would like to have it insured. WorthHaveGroup.com has a very reasonable policy (at least, it sounds like it) but they don't really provide clear info on if they compensate you the cost of the device, send a replacement, etc.
 
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