Insurance on iPad

the warranty covers only production defects discovered after purchase

Legal - Hardware Warranties - Apple

apart from that then within a 90days timeframe one can sign up for the extended warranty called apple care+

Buy an AppleCare plan - Apple Support

there is also an a version of it called "AppleCare Protection Plan "

apart from that of cause there are numerous insurance companies around the world with various forms of homeowner consumer electronic plans

check your homeowner insurance to see if it is covered. There are no options from Apple since Apple’s warranty only covers mfr’s defects. As an aside, in the US, you only have 60 days to purchase the extended warranty.