You can choose to have your iPad covered for either two or three years, starting on the date of iPad purchase.

Deductible: There is usually a $49.00 deductible for all iPad claims. SquareTrade have waived this fee for all bulk Educational or Business iPad claims.
SquareTrade's claim process is painless - start online or over the phone, or for multiple claims submit our simple Bulk Claims Form. Depending on the issue, we will either fix your iPad or arrange for a replacement. To fix your iPad, we give you free express shipping to-and-from our depot. You will receive email updates at every step in the process so you will never be left in the dark. If we can't provide a solution in 5 working days from the date of receipt, your warranty is free, guaranteed.

Same-Day Option: If you prefer the convenience of your local Genius Bar, you can take it there and we will reimburse your repair costs.
Older iPads: This coverage is restricted to iPads purchased in the last 30 days, older iPads cannot be covered.
Cancel anytime and get the unused portion of your warranty price back. Cancellation within the first 30 days will receive a full refund. Cancellations beyond 30 days receive a pro-rated refund. Additionally, you can transfer your warranty anytime at no charge.
See Sample: Terms & Conditions
SquareTrade Warranties on Apple products are underwritten by Wesco Insurance Company, an AmTrust Group Insurance Company rated A (Excellent) by A.M. Best.
*1 in 3 iPads break is based on a projection over 3 years, based on SquareTrade's iPad 2 data.
You can read the entire study here: http://www.squaretrade.com/pages/ipad-reliability-1203
**SquareTrade has the lowest priced iPad Warranty on average across all iPad 2 and new iPad models, when compared to the average price of an iPad warranty offered by competitors across iPad 2 and new iPad models who meet the following criteria: The warranty is available nationwide; the warranty covers drops and spills; the warranty has an insurance company backing it; the warranty has a deductible of $50 or less; and the warranty is available for an iPad bought at any store.