You can request for a refund of the unused portion of your AppleCare and AppleCare+ plan. Apple has even published a support article on how to request for a refund. Essentially you need the proof of purchase, the serial number of the device and you have to call them.
- If you cancel your AppleCare plan within 30 days of your purchase date, you’ll get a full refund, minus the value of any service already provided.
- If you cancel your AppleCare plan more than 30 days after your purchase, you’ll get a refund based on the percentage of unexpired AppleCare coverage, minus the value of any service already provided. You can find the cancellation fee in the AppleCare product Terms and Conditions for your AppleCare Protection Plan or AppleCare+.
Depending on the product and your country, the cancellation fee varies. For example, the AppleCare for iPhone in the US has a cancellation term for cancellation after 30 days: “you will receive a pro rata refund of the original purchase price, based on the percentage of unexpired Coverage Period from the Plan’s date of purchase, less (a) a cancellation fee of twenty-five ($25) dollars or ten percent (10%) of the pro-rata amount, whichever is less, and (b) the value of any service provided to you under the Plan.”
So on your $99 AppleCare+ plan after 1 year with no service incident, you’d have $49.50 left. The cancellation charge is the lesser of $25 or $4.95 (10% of $49.50), which will give you a net of about $45. This is definitely a value you want to include and highlight when you’re selling your iPhone with remaining warranties.
Visit the page How to request a refund for an AppleCare plan to get started.