Today, Apple announced AppleCare One, a $20 monthly subscription service that provides AppleCare coverage for three of your Apple devices. You can add more Apple devices to the plan for an additional $6/month per device.
The plan is obviously designed for those who pay for AppleCare+ for multiple devices. By bundling three devices together, Apple says you can save “up to $11 a month over enrolling in separate AppleCare+ plans for each device.” (Note: unfortunately, there’s no family plan option.)
There aren’t any tradeoffs with AppleCare One — a subscription provides all the same benefits that came with AppleCare+ — but there are a few extra benefits … one of which is especially pertinent for Apple Watch wearers.

Theft and loss protection, now available to the Apple Watch
With an AppleCare One subscription, you can choose any three Apple devices you want to be covered in the plan. This includes iPhone, Apple Watch, Mac, iPad, Apple TV, HomePod and AirPods. Or multiples of each. The price of the plan remains unchanged regardless of the device.
The bundled plan gets you the benefits of AppleCare+. According to Apple, this includes “unlimited repairs for accidents like drops and spills, 24/7 priority support from Apple experts, quick and convenient Apple-certified service, and battery coverage.”