People seriously - if you're that worried about it what does the Square Trade Accidental warranty cost these days? About $25? Didn't we all buy these things to enjoy them? Keep them tucked up at home if you want, but I suggest you let a little danger into your lives occasionally.
I had mine camping two weekends ago and I was up at the crack of dawn sipping my instant coffee and reading my Kindle in the misty dew of the great outdoors. Last weekend I was reading tucked up under a overhang at Wrigley Field during a rain delay, reading my K2 in it's ziplock bag protection.
We both survived and the Cubs won!