I am not incorrect. All accidental damage via AppleCare+ does is reduce the fee for the out of warranty replacement under AppleCare+ (and it only does that on top of the purchase fee for AppleCare+). Water damage voids the warranty as explicitly explained in the terms of the warranty and the AppleCare+ terms.
AppleCare+ does nothing more than provide a means to reduce the out of warranty fee. As I already explained in my previous post. It does not negate the voiding of the warranty in the event of water damage nor does it negate the fact the repair is made out of warranty. All it does is reduce the fee for an out of warranty replacement due to a voided a warranty.
Call it semantics all you want, but the simple fact is water damage voids your warranty. All that remains is do you pay the full out of warranty replacement cost, or, after already paying a premium for Aapplecare+, you pay a further, but reduced out of warranty replacement fee.
But nothing I previously posted was incorrect.