My favorite US cell phone carrier (not!!) strikes again. I was merely telling you yesterday evening how AT&T will offer cell phone insurance for most phones from cheaper to more expensive for just $5 plan/month.

But before you dip your phone into some hot cocoa after you ran it over with your car first, you’ll have to know there are some fine prints for this whole deal. First of all the plan is going to be available for all those customers buying a device now or for those that bought one no later than 30 days ago. Besides the monthly fee there’s a two deductible fees, not one as I was announcing yesterday; $50 for most of the phones and $125 for expensive smartphones and PDAs.

But guess what, the marvelous, much awaited, greatly debated iPhone isn’t covered. I guess Apple did a swell job with those iPhones. Why offer insurance, they must be indestructible!