Buy insurance for my son's new iPhone?

<p>[AppleInsider</a> | Apple’s CDMA iPhone 4 components cost $171, $16 cheaper than GSM phone](<a href=“http://www.appleinsider.com/articles/11/02/10/apples_cdma_iphone_4_components_cost_171_16_cheaper_than_gsm_phone.html]AppleInsider”>Apple's CDMA iPhone 4 components cost $171, $16 cheaper than GSM phone | AppleInsider)</p>