I'm in Oklahoma, and I work for State Farm. I took out an insurance policy on my new Blackberry Curve 8320 from T-Mobile, and I'll tell you the details of it. I had to submit my receipt and then a print screen of T-Mobile's page for the phone showing the retail value ($449).

Cost was $30 a year, or about $2.50 a month. Zero deductible. Any claim is accepted besides normal wear and tear. They will replace the phone and it won't count as a homeowner's claim either.

It's called a personal articles policy. You don't have to have anything else with State Farm to do one. I would strongly suggest taking this one over the crappy overpriced insurance they offer at T-Mobile. Just thought it might help some people.

BTW - you can insure any phone, but it's retail value has to be over $400 at the time of application. Hence, the iPhone isn't insurable now since it's only $399. Only those that insured it when it was $599. If you're gonna take insurance out, this is one route I'd offer.