Answer: In 40 years, I’ve seen maybe three people actually benefit from one. So personally, I consider it a waste of money. If a bike has a factory defect, it’s going to happen right away while the standard warranty still covers it. After that, warranty companies spend all their time finding reasons not to pay your claim. It’s a legal battle you don’t want. Take that same money, put it in a savings account, and find a good local technician you trust. You’ll be much better off.