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Even if a wet cellphone seems dead, there's a good chance it can be resuscitated. Just make sure you act fast--the longer the water sits inside, the greater the likelihood it will destroy the phone for good.
This is a DIY moment. While consumers are conditioned to send back broken merchandise, your phone's warranty probably doesn't cover water damage. And you may not have much luck pulling a fast one on your phone company--most of today's phones come with a "water sticker" that permanently changes color if it gets wet.