Always read what is actually covered on an extended warranty, last year We took out a 3year extended warranty with a well know dealer. I did ask if the timing belt was covered, a verbal confirmation was given, however what the actual coverage is, if we have the timing belt changed and then it fails we are covered yippee, however there are more loopholes in the document than in a sieve and as the insurer said we look at all criteria,we will look at all criteria if we ever take out an extended warranty which I doubt.