We’ve long dreamed of this moment, and while Liquipel does not actually recommend submerging your device in water, your precious (and expensive) phone should be safe if it happened. This is not a case of any sort: it’s a chemical treatment of the device, inside and out, that keeps water from shorting the electronics. Unfortunately they don’t share specific details, though if we had a Liquipel approved phone to spare we’d love to put it to the test.
Edit: may not work as advertised.
If you’re game, head over to Liquipel’s website – 60$.