I got $120 as a compensation and an offer to get new device half price ($400).
I can get that ad sell mine for $400 or more, so technically, not only i will get new device i will actually make few hundred dollars.
Also the trick with insurance works , tmobile rep told me i get new device, new in box.. so i can make even more money.
One thing though... my refurbished device is actually very good! on Antutu 35807! and works perfectly .. so I can get new for $400 and just sell it for 600+ ...