Previously, Sprint customers only had one option when it came to insurance and extended warranties for Apple iPhones: Apple's very own AppleCare. However, a leaked internal screenshot shared anonymously with Engadget shows that starting January 25, Sprint customers will be able to purchase Total Equipment Protection (TEP) for iPhones.
The monthly charge is an additional $11 on top of your current bill and a large $150 or $200 deductible if or when your device needs to be replaced. This is opposed to AppleCare, which costs just $99 up front and a $50 deductible when a device is damaged.
I'd have to lean towards AppleCare being the better choice. However, if you can't afford that extra $99 up front, you will soon have another option.