Well, I have to toss my opinion in here. I ride my motorcycle, not as much as some but more than others. I have a 2009 FLTRSE3 which had a catastrophic engine failure with 83,696 miles on it w/ SEPRT, D and D Fat Cat 2 into 1 Exhaust. The damage was so bad it needed engine cases which means VIN stamping to go along with the engine rebuild. I extended the ESP w/ tire and wheel for 1899. for 3 years, 6 months earlier because, unlike others on this site I don't have the money to buy another bike and want to continue to ride.
The initial ESP cost when the motorcycle was purchased paid for itself in tires and minor repairs; the extended (3 year) ESP covered itself by $4440. since the bill for motor rebuild was $6389. and I still have 29 months of coverage. Also, I received a tire in Arizona under the ESP for $50.
If this is throwing money away, I need what I consider more things like this to throw money away at, because I consider anything with a return like this an investment; and this investment went quite well. Just my opinion from my pre judged and lived experience.