Can my coverage be transferred to a new iPhone purchase?
Can my coverage be transferred to a new iPhone purchase?
iPhone 12 Pro Max, iOS 15
No. You need to cancel the AppleCare+ Plan on your current phone and purchase a new plan for the new phone. If you paid upfront for the current plan, Apple will give you a prorated refund for the portion of the plan you didn't use.
Cancel or change the payment method for your AppleCare plan - Apple Support