The thing you need to read word for word is what's not covered such as belts and hoses. And the stipulation that if a non covered part such as a belt or hose causes the damage to a covered part, the covered part is also not covered. It's easy to make a very long list of things that hardly ever break and call that the covered parts. The gamble is in their favor or they'd go out of business pretty quick. There are instances when it pays off but there are also many loopholes in those warranties. I prefer to pay as I go. So far, I've saved a lot of money.