AppleCare+ coverage for Apple Watch Edition is £1,500

This time last week, we brought word of a rumour suggesting Apple Watch Edition customers would need to fork out a whopping $1,000 (around £680) for an AppleCare+ extended warranty.

Thankfully, that barely believable rumour was proved incorrect when the Apple Watch went up for pre-order on Friday morning.

The actual price for two years of extra coverage is a staggering £1,500 (or $1,500) on top of the £8,000 base asking price for the 18-carat gold Edition.

For those living outside of the the Apple Watch Edition bubble, the AppleCare+ prices for the standard and Sport models are actually prettier bearable and lower than rumoured last week.

The Apple Watch Sport is £49/$49, while the standard Apple Watch costs £69/$69 for the “two years of additional hardware coverage.”

Those picking up the extended warranty will be covered for two incidents of accidental damage, each with an excess £49/£69/£700, plus round the clock “expert telephone technical support.”

The £700 excess fee for accidental damage seems particularly galling, given the cost of taking out the policy

. Given that, its a good thing the Apple Watch’s sapphire glass display is pretty much indestructible.

Read more: Living with the Apple Watch: Our latest hands-on review

When signing up for the AppleCare+ the company also makes clear: “AppleCare+ benefits are separate from a consumer’s right to a free-of-charge repair or replacement, by the seller, of goods that do not conform with the contract of sale. Under English law, consumers have up to six years from the date of delivery to exercise their rights; however, various factors may impact your eligibility to receive these remedies.”

Are you one of the few folks who paid five-times as much to insure the Apple Watch Edition as the base price for the Apple Watch Sport? Share your thoughts (and perhaps some of your mountains of cash) below.