AppleCare vs Verizon Equipment Coverage

I purchased AppleCare when I purchased my iPhone, but I didn't purchase Verizon's Equipment Coverage. Verizon's offering me another chance to signup for it.
My question is, what would Verizon's Equipment Coverage give me that I don't have with AppleCare now? I'm just wondering if it's worth justifying the close to $10/month charge it'd be on my bill.
Thanks!

AppleCare does not cover lost or stolen equipment, nor does it cover accidental damage (water damage for example or you dropping the phone and shattering the screen). As far as it being worth it...depends on the individual. If the prospect of having to pay full retail if you do something to your phone that isn't covered under  AppleCare  is something that would be a problem for you then yes, it might be worth it to get the VZ coverage and pay the deductible. If you don't tend to have trouble with your devices being lost or stolen...and you are pretty careful with it then paying for insurance may prove to be money down the drain. It's a safety net. Only you know if you really need it to feel secure.

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