Worked out well for me with a previous car I bought for an ex. Hyundai Tiburon was at 60k miles and the radiator exploded. Literally. Shards of radiator everywhere.

Warped the hell out of the heads and it needed serious work. Extended warranty fixed all of it, which totaled up to much more than the cost of the warranty.
Then I sold the car and cancelled the warranty and got the prorated refund.