Too good to be true protection?

[Sean Chou <ychou>]

In the latest Tiger Software, on p. 47, there's an ad for a surge
protector called LapTrax that protects against electricl disturbances,
accidents, liquid spills, water-damage, fire and theft.  I called
Tiger about the last topic (theft) and they told me that the way it
works is you send them a police report and they will replace the
equipment (up to $2500 initially, with an option for more coverage).

It's coverage is called the Triple Crown Warranty.  I might add
that it's also portable and includes a modem protector too.  The
most incredulous part is that it's only $59.90.

Now, is this me, or does this sound too good to be true? For $59.90,
I can protect my laptop fully? as opposed to having to have to buy
a surge protector and insurance ($200/year for my TP750C).  Has
anyone had any experience with Tiger and/or this Triple Crown
Warranty?