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You should now see a screen like the one above that shows you when the warranty will expire and what’s currently covered by your warranty
If your iPhone is still under warranty, if there are issues with the phone you will be able to either get it repaired or replaced assuming it is eligible and covered.
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What’s The Difference Between AppleCare And AppleCare+
AppleCare is the name of the basic warranty that Apple offers to all customers. It is free and usually lasts for at least a year. AppleCare+ is the extended warranty that you will have to pay for and it covers things like accidental damage.