When all this talk of cancelling the extended warranty started a couple months ago, it was right about the time I'd finished accumulating all the parts I needed for my cam swap. I came real close to making the calls to put the wheels in motion to cancel mine, figuring once I made the modifications to the engine, the extended warranty wouldn't be worth the paper it was printed on. Well, I never got a "round tuit" before getting the cams done, and wouldn't you know it, they discovered a porous rear cylinder head while doing the cam installation. Thank God I didn't cancel the warranty ahead of time, or I'd be out a lot more than the $50 deductible. The head alone was like $375 and you have to figure probably 2 hours labor to change it out, maybe less in my case since the bike was partially disassembled anyway for the cam work.
Then, while in Maggie Valley, I lost one of the oil lines that runs to the oil cooler. The bike was in the shop there for a good 2 hours, getting the hose reattached and the oil changed. Again, it only cost me $50 for something that probably would have been $200 otherwise.
Prior to all this, the CD player on my radio stopped working altogether and had to be replaced. If memory serves, the refurbished unit from Radio Sound was somewhere in the neighborhood of $500, even after the core charge for the return of my radio, plus the labor to remove/reinstall.
I figure mine is coming close to paying for itself, so I have no reason to cancel it now. Had I been denied on any of these claims, I'd no doubt be singing a different tune, and may be in the future if something happens that is not covered. But right now, it seems to be working as advertised.