I dropped my iPhone X in water and it didn't turn back on

I there is a hardware problem with my iPhone x because it was dropped in water that was one foot deep for less than 5 secs. After it was dried and put in rice just for extra precaution, it didn't turn back on, it also has no cracks or scratches on it. This then led me to believe that my iPhone was given to me defective and I've had it for less than 2 years. I have read that there was some 5 year like protective rule for trade ins and since I had a defective phone for less than 5 years I should be eligible. The screen would have ghost touch and I've spent 1,000 on this phone and I demand either a new one or a newer phone of my choice under 1000 and then the rest in apple credit I am very upset and I expect compensation.

​[Re-Titled by Moderator]