Warranty... is it worth it?

[J13NY S]

My warranty is up for renewal & was just wondering what the opinions are regarding it, I know years gone by it was regarded as a must but do you all think that now?

I’ve taken it out every year though last 2 years I’ve only taken out the basic policy at £4-500 to cover of any major issues.

The only thing I’ve had replaced under warranty is a seal on the diff & I think that was done while still under manufactures 3 year warranty so I’ve never had to use it but what worries me is sods law & the first year I don’t take it out is the year I need it.