New AppleCare+ extended warranty covers accidents

Apple (s aapl) has introduced a new level of AppleCare for iPhone shoppers, called AppleCare+. This version of Apple’s extended warranty coverage is available beginning Oct. 14 — the same day as the iPhone 4S — and covers accidental damage, unlike the previous variety.

If you purchase the plan, you’ll be covered for up to two incidents of accidental destruction of your device — i.e. dropping it down a bunch of stairs. Water damage is likely also covered under this plan. You’ll be liable for a $49 service fee to get the replacement devices, but at least you won’t have to fork over for a whole new iPhone.

AppleCare+ replaces the basic AppleCare package, which used to cost $69 but didn’t provide any coverage in case of accidental damage.