Others may have a different experience but I have found that most 3rd party extended warranties are barely worth the paper their written on. They usually exclude the things that are most likely to break. They have multiple outs for the things that are covered or they only cover part of the repair. A first hand example was, I bought an extended warranty on a brand new motorcycle, 3 years into ownership it started making a bad noise from the valves. I took it in and was told they would need to replace the valves and seats and possibly the cam. The warranty company said they were not covered because they were not broken just making noise. The dealership said if I waited for them to really break they would cause much more damage, the warranty company said I was responsible to stop malfunctions I should be aware of. Long story short I had to pay for the repairs almost the same cost as the extended warranty. My advise is put the money in a savings account marked for emergency repairs.
