Cracked iPhone 12 and water damage

Use the Get Support link at the top of the page here to set up service. Water and electronics do not mix, and water damage is not covered under warranty. You should be given the option to purchase an out of warranty replacement device, but Apple will explain your options after they have examined the device. Alternatively, if you have an Apple Store close by, make a Genius Bar appointment to have the device examined by Apple. That will be quicker. Genius Bar Reservation and Apple Support Options - Apple

Make an appointment to take the iPhone in to an Apple Store or Apple Servicer to discuss your options. Unfortunately, water damage is not covered.

norberto146 Said:

"Cracked iPhone 12 and water damage: My iPhone was already cracked and it got wet"

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Extracting Water:

Take your iPhone to a retailer. They have devices intended for extruding water from mobile phones.