Not sure about the extended on the winch, but if it's anything like the extended plans on their power tools, it's well worth it
My guys have gone through a bunch of jacks, sanders, drills, air tools, etc., etc. and their policy is simply throw it behind the counter and give us a new one, no questions asked
We have several outlets nearby, which makes it much easier than chasing down a tool truck for warranty
Once you buy the extended warranty though which I am sure it's $100 minimum, you're at $580 + for the Apex which is close enough in price where might as well go with the Warn