I have had my Droid for about 7 months and today my power button suddenly lost its click, as if it's sunken in. It takes 2 or 3 presses to turn the screen on. I googled the issue and this seems to happen to many Droid users. I read that Verizon will replace the phone with a refurbished one for this issue... but if I do that will that be my "one replacement" under warranty? If so, I'll just wait until right before mine runs out in Dec. It is annoying though :/
Yes that is correct, you have a 1 year warrenty with your device, you can use an unlimited amount of times and it is free. The insurance is the one with limitations, you can only use it twice in one year.