Cracked iPad display - What are my options?
The normal AppleCare plan does not cover accidental damage as it follows the general warranty conditions that cover normal use generally wear is only covered if it's both impeding a normal function and not something that would be expected to be consumed.

AppleCare+ does cover this - you would have had to buy the AppleCare plus insurance and there would be a fee ($49) in the US to pay for the accidental part of the repair. Also, the insturance plus AppleCare is not available worldwide (or nearly as widely) as the normal AppleCare plans.

Apple fixes all iPads at the factory so you would see aflat priced exchange part, so call or visit Apple or an authorized repair agent for pricing on that exchange where you live. Basically, they are getting a new iPad into your hands that might be new or might be refurbished - but it will have a new battery and a new serial number and come directly from the factory to you.

I had this exact same thing happen - my iPad slipped out of my bag and landed after a two foot fall onto a corner. I had the + coverage and was very glad to see the several hundred dollar cost end up hitting my wallet for $49 on top of the $99 I spent originally.