squaretrade.com is a fraud, as far as the insurance for the iPhone?

I'm about to be getting a 16GB iPhone 3Gs. I want to make sure about that one because I seems to have bad bad luck with phones. ive read about them in some places saying they were a good place. I wanted to have someone in a response of people. it's only $ 120 for 2 years to cover my phone, or $ 8.99. please help me make sure this is legit before I put $ 120 into something that's not cool.

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New App makes it easy to protect your new iPhone with SquareTrade straight from your iPhone.


SquareTrade 3-Year Computer Warranty ($300-400)


SquareTrade 3-Year Computer Warranty ($300-400)


$70.50


SquareTrade Care Plans are great value and cost 60% lower on average than traditional warranties.  Upon purchase, you will get an email confirmation.  You will not be mailed a paper contract.  If you have questions, please call: 1.877.WARRANTY….

SquareTrade 3-Year MP3 Player Accidental Protection Warranty ($125-150)


SquareTrade 3-Year MP3 Player Accidental Protection Warranty ($125-150)


$39.98


Accidental Damage from Handling (ADH) guards you against life’s little mishaps, whether you drop your cell phone on the street or splash coffee on your laptop.  ADH must also be purchased within 30 days of when you bought your item. ADH coverage begins on the 31st day after the item’s purchase – issues in the first 30 days are not covered. Upon purchase, you will get an email confirmation.  You …

SquareTrade 2-Year iPhone Accidental Protection Warranty (All Models)


SquareTrade 2-Year iPhone Accidental Protection Warranty (All Models)


$199.99


Accidental Damage from Handling (ADH) guards you against life’s little mishaps, whether you drop your cell phone on the street or splash coffee on your laptop.  ADH must also be purchased within 30 days of when you bought your item. ADH coverage begins on the 31st day after the item’s purchase – issues in the first 30 days are not covered. Upon purchase, you will get an email confirmation.  You …