New “AppleCare One” plan bundles three extended warranties for $20 a month

AppleCare One can also be extended to other Apple products you own “that are up to four years old” (or one year old for headphones) and “in good condition,” even if they’re outside of the typical 60-day grace period for subscribing to AppleCare+. Apple says that the condition of these devices may need to be verified “using a customer’s iPhone or iPad, or at an Apple Store” before they can be added to the plan, presumably to reduce the number of people who opt in after the fact to avoid pricey repairs to already damaged devices.

While the potential savings are the best argument in favor of the new plan, it also adds a handful of new benefits for some devices. For example, AppleCare One covers theft for both iPads and Apple Watches, something that isn’t covered for these devices under a standard AppleCare+ subscription. The subscription can also simplify the trade-in process, removing a traded-in device from your AppleCare One plan and replacing it with an upgraded device automatically.

If you haven’t subscribed to AppleCare+ before, it functions both as an extended warranty and an insurance program. If your device breaks suddenly for reasons outside of your control, repairs and replacements are generally free of additional charge; for accidental damage, theft and loss, or battery replacements, users are charged additional flat service fees for repairs and replacements, rather than Apple’s hefty parts and labor costs. Battery replacements are also free when your battery drops below 80 percent of its original capacity.

AppleCare One plans will go on sale starting tomorrow, July 24.