From AT&T’s website:

With Mobile Insurance, you get:

• Protection against loss, theft, damage, and out-of-warranty malfunction
• 2 claims max. in a 12-month period for 1 device
• Device replacement as soon as the next day
• Screen repair for eligible phones in select areas as soon as the same day (may not be available for newer device models)

*Premiums, deductibles, coverage limitations, and other restrictions apply. Review legal disclaimers before signing up.