A subscriber to Apple's new umbrella plan would save $11 per month for protecting an iPhone, iPad, and Apple Watch, compared to separate coverage.

If you’re constantly worried about dropping, breaking, or losing your Apple gear, AppleCare+ offers peace of mind. In return for a relatively low monthly fee, Apple will repair or replace your device for far less than the cost of buying a new one.

Apple Inc. is launching a new product-insurance plan that bundles coverage for as many as three devices, part of a broader effort to drum up subscription revenue.

Instead of paying for coverage on each device, AppleCare One lets you pay for three at once, while also availing theft and loss protection benefits.

AppleCare One consolidates AppleCare+ benefits into one plan, allowing coverage for multiple devices at a flat rate. The new plan includes unlimited repairs for accidental damage, theft and loss protection for iPads and Apple Watches,