Service Contract Device Protection Plan vs 360?

I couldn’t find anywhere online what exactly the Service Contract Device Protection Plan or NY Premium Warranty Tier 5 TE covers; so I called T-Mobile customer service. They tell me the plan covers accidental damage and loss/theft with deductibles the same as 360. I didn’t believe them so I did more research and found this https://mytmoclaim.com/deductible.aspx where it says the plan does not cover those items… 360 costs 18 a month while service contract plan costs 7. If the deductibles for those items are truly the same then I want both phones on the 7 dollar plan. If the service contract plan doesn’t cover those items then I don’t want it at all (can’t imagine any would). Appreciate clarification on this thanks!