Depends who offers them. I've had insurance plan extended warranties (one) where they went out of business. I've had factory extended warranties from GM . GM has always stood behind their warranty and as a result I have no problem getting a GM extended warranty but will not get an insurance plan extended warranty after my one lousy experience. Once bitten, twice shu=y for me, even though maybe this type of extended warranty is ok now and I just had a lemon.
For an expensive piece of camera equipment that I intend to keep a long time, I will get an extended warranty.
Modern stuff...cars, cameras, etc...have a lot of electronic gizmos in them that can sometimes be less than robust and expensive to repair. In 2012 we bought a new fridge, stove, microwave, dishwasher as we were redoing our kitchen. Every piece of equipment listed has broken down, and required use of the extended warranties...a couple have required 2 or more repairs. All of the kitchen appliances, listed, are made by well regarded manufacturers.
We have paid for the extended warranties in our kitchen equipment alone.
In contrast the 40 year old stove and fridge we got rid of....never needed any service. But they had no electronics, they were basic, simple, heavy duty machines. We gave them to a small time metal salvage guy, who had to really grunt and groan to lift them onto the back of his trailer. He said he notices the significant weight difference between new (lighter) and old (heavier).
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