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I have an Iphone 5, it has water damage what Apple can do for me?
FWIW:
See if they'll still let you buy AppleCare+ (if you bought it less than 30 days ago). This way it is only $99, and then it only costs $49 for an accidental damage incident. That total to $148, much less than $229, and if it happens one more time you just have to pay $49.
AppleCare + won't fix this. They require an inspection at an Apple Store of the phone if AppleCare + is not purchased with a new phone.

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