According to MacRumors, AT&T is working on adding their ever popular iPhone.  Insurance coverage will be as usual. The coverage protects the iPhone  on the AT&T network  from theft, loss, accidental damage and electrical failure beyond Apple’s standard warranty.  In an unfortunate case that your handset is stolen, lost or damaged, you will be eligible for a replacement handset with the deductible ranging between $50 and $125 per claim and provided you file no more than two claims within twelve consecutive months.

Effective July 17, 2011, the Apple iPhone (all models) will be eligible for coverage with the AT&T Mobile Insurance program (formerly Wireless Phone Insurance). Enrollment restrictions apply. Customers can only enroll within 30 days of a new activation or upgrade, prior activations or upgrades outside of 30 days are not eligible.