$600 for 5 additional years seems reasonable however it does give an indication of what the average outlay is for claims. My friend sells extended warranty policies at the wholesale level and claims about 50% of the total price is used to pay commissions throughout the sales chain (Sales associate, dealership, wholesaler) leaving the other half for claims and profit. This means that the average amount paid is likely less than $250 for the average bike in the coverage. If this is the only product you buy an extended warranty, it's not a bad deal. If one could set money aside for every extended warranty you could buy, you'd have a nice pile of cash someday. Extended warranty's are the most profitable products dealers sell. Heck even Cabela's will sell extended warranty's on a $30.00 fishing reel these days. It boils down to your own piece of mind as hindsight is always 20/20!
2008 Midnight Cherry Kingpin
Bone Stock with the comfort upgrades; windshield and lowers, standard bags, pull back handle bars with comfort grips.