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I also fully believe in the extended warranty. I bought a used '07 Silverado about 7 years ago. I bought the extended warranty which I believe was bumper-to-bumper for an extra 75k miles/5yrs. Same as the guy earlier, the transmission went out. The truck wouldn't shift into 3rd at all. Thought it was the solenoids so we replaced those on our own. Turns out 3rd and overdrive were completely burned out. I was a bit concerned bringing it in because I had a few performance mods on the truck and big mud tires. I figured they would find a way to blame that for it going out. Long story short, $100 bought me a brand new 4L60E transmission worth around $4600. I have since traded that truck in for my Camaro, and I bought an extended warranty through the same company.
Length - 5yr
Miles - 75k
Coverage - Bumper to Bumper (Including tires/wheels/even windshield chips)
Deductible - $100 per claim
No claims as of yet
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Current Mods: CAI Intake, Borla Atak Cat-back, VMAX Ported TB, Elite Engineering Catch Can

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