So we all know that AT&T, for whatever reason, does not offer insurance for any iPhone. It seems as if Best Buy is now stepping up to the plate to offer it's customers some iPhone 3G S insurance, Geek Squads Black Tie Protection.

This is great news for some of you but keep in mind it comes at a pretty hefty price. Normal cell phone insurance via Best Buy will cost you anywhere from $7 to $10 a month. Not the case with iPhone 3G S, Best Buy has raised this fee to a cool $15 a month. This premium fee is most likely due to the full retail price of the 3G S being so high at $599 and $699.

Good news is that this insurance will cover all sorts of damage - liquid damage, cracked screens, cracked casing, etc... All you have to do is bring your damaged iPhone into any Best Buy, they will fix it or replace your device on the spot.

So at $15/month is this something you'd be willing to pay for some peace of mind?

[Via Apple Insider]