About two years ago I bought a video recorder. I paid about $200 for it on sale. Now in the mail, I get an offer telling me my original warranty is about up and I can buy a 5 year protection plan for only $147.
How nice of them. I can pay almost as much as I did for the recorder for what is likely a very restricted insurance plan that likely only is going to cover me for three additional years.
Typical of what is offered and sold every day to consumers.
While there are times and extended warranty may be a good investment, most of the time it is not.
The next time someone offers you one, just say no. Put the money in the back.