[Sprint LG Optimus G] d14:
TEP's monthly cost is calculated by the full MSRP of the handset.

Anything below $499.99 is $8 per month

Everything $500 and up is $11 per month

WiMax devices are grandfathered into the old $8 rate (The Motorola Photon, HTC Evo 3D, etc. are $549.99 but are $8 per month to insure).

Deductibles are also calculated by the full MSRP of the handset.

Anything $299 and below will have a $50 deductible

Anything between $300-499 will have a $100 deductible

Anything between $500-599 will have a $150 deductible

Anything over $600 has a $200 deductible

Wimax devices are again the exception having been grandfathered in on the old $8 rate; The Photon and Evo 3D for example have $100 deductibles.

Some examples of TEP premiums and deductible schedule with Sprint's current device lineup:

Kyocera Rise - MSRP $249.99, $8/month, $50 deductible

LG Mach - MSRP $399.99, $8/month, $100 deductible

Samsung Galaxy S II - MSRP $499.99, $8/month, $100 deductible - WIMAX

[*]LG Optimus G - MSRP $549.99, $11/month, $150 deductible

Samsung Galaxy S III 16GB - MSRP $549.99, $11/month, $150 deductible

Samsung Galaxy S III 32GB - MSRP $599.99, $11/month, $150 deductible

Samsung Galaxy Note II - MSRP $649.99, $11/month, $200 deductible

As for what's covered, here's the easiest way to think of it:

Anything YOU did to your phone (or by omission allowed to happen) will require you to contact Asurion, pay a deductible and they will ship a phone to the address of your choosing. *

Anything that the PHONE did by itself and can be reproduced in the store is covered at a store level. They'll attempt to fix the phone, if it can't be fixed a DHRP (Direct Handset Replacement Program) phone will be ordered. **

As for your manufacturers warranty, it's completely and 100% not applicable at the store. Doesn't matter if you bought the phone 8 months or 8 weeks ago, once you're outside of 14 day return/exchange window, you're paying out of pocket to fix defects with your phone if you don't have TEP. If it's physical damage, lost/stolen, etc, you're paying out of pocket to buy a phone at full MSRP.

* This would be physical damage, cosmetic damage, lost phone, stolen phone, liquid damage, cracked screens, housing damage, etc

** This would be defects in the phone itself such as swollen battery, blown speaker, dead spots in the screen, non-traumatic charging port failures, etc.

Accessories bundled with the device are not included in TEP protection (chargers, headphones, etc)

DHRP phones can be new or reconditioned depending on the age of the product (the older it get's the more likely you are to get a recon) and will either be the same phone or something comparable. If you bring in a broken Galaxy S II don't expect to walk out with a Note.

---------- Post added at 03:53 PM ---------- Previous post was at 03:43 PM ----------

I forgot to mention, TEP can be added during the 14 day return policy or after an eligible repair. If you bring in an uninsured phone, pay to have it fixed, TEP can be added afterwards.

Care may allow you to add TEP up to 30 days out but it doesn't always stay on the account if you do it at the store after 14 days from purchase (System may kick it off if it doesn't see a TEP eligible transaction).