HT3302 Can apple repaire my I phone 5 for a fee if it is water damaged?

Can apple repair my iPhone 5 for a fee if it has been submerged in water and has water damage, or do I have to buy a new one? It is within the one year warrantee.

Free repair for water damage is not covered, under either AppleCare+ (note the +) or normal Apple warranty.
If you have AppleCare+, you can get a replacement for $49.
If you do not have AppleCare+ you can get an out-of-warranty replacement for about 1/2 the cost of a new phone.  Ask at the Genus Bar.

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