Does anyone offer iPhone insurance in case something happens to the phone?

I just purchased the iPhone about a week ago, and I love it! I am just curious who will insure this phone, and does anyone know of any way to back up the data that is on the iphone?
Thanks for your help.
Dell   Windows XP  

According to a thread I read the other day, you should contact your current homeowners or renters insurance. They offer insurance for PDAs or other electronic devices over a certain value for a rate that's pretty reasonable (I believe they suggested about $30/year in that thread).
I read about it, and haven't followed up on it yet. I'm just tempting fate by delaying, I know. grin

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