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Crap! Is water damage covered?

So I finally got a 'real' phone, and I like it a lot. HTC Hero.

About a week after I got it, I was getting out of my friend's car here in beutiful Chicago when it fell in a super cold, muddy puddle. It was almost entirely submerged. I grabbed it within 2 seconds or so and dried it in my shirt. Since then, everything has been running slowwwww. It's a pain in my ass.

I bought the phone at Best Buy Mobile, a little mall store where all they sell is phones and the like. She sold me on the Best Buy Geek Squad fancy pants total protection, and I could almost swear that she said water damage is covered but I don't remember.

My fear is that if I call to ask, and the answer is no, they are going to know who I am and that I have water damage.

Please help, I have had the phone about 3 weeks and I don't want to buy a new one.
 

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