About 4 months after my "new after 2", when I bought the TP2, it was totally creamed by my dogs (who have good taste - I hated that phone). The screen was shattered, so it was pretty obvious that it was dead.
Both a phone rep and also a sales rep in the local Verizon store told me I could get a new phone at a "one-year" discount, meaning I wouldn't have to pay full price for the Eris. In addition, there was a $100 rebate going on at the time, so I paid virtually nothing for the phone.
The sales rep said that they only allow one replacement under these conditions, so if the dogs eat the Eris, I'm SOL.
It can't hurt to ask.. better than buying one at full price.