I would never buy an extended warranty on a small appliance. The hassle of getting a repairmen to your home, getting it fixed, and hoping that the repair will last all add up to more than the warranty is worth. For a microwave, I would simply use it for as long as it worked and replace it when it stops working. Over at HF, they wanted me to buy an extended warranty on a $20 reciprocating saw. I looked at the cashier and laughed! Then I asked how much? It was almost as much as the saw. I passed.
Most extended warranties are nothing more than insurance policies. Most are also based on risk assessment. Don't even think that the folks selling them have not done their homework.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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