I keep my iPhone in my purse. It's brand new and I live in fear of dropping it.
I don't know how to draw purses. Once my Apple Watch arrives, unless I forget and leave it at home, I hopefully won't be taking my iPhone out of my purse very much if at all.
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That's why I pay the extra for AppleCare. Even if I never use it, the reduction of stress is worth every penny. It makes a potential catastrophe into a mere major inconvenience.