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Is an extended warranty on a new 8 Honda Fit Sport worth it?

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Is an extended warranty on a new 8 Honda Fit Sport worth it?

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I recently bought got my ’08 Honda Fit Sport AT my parents bought the extended warranty (96 month, 120k miles) for about $1053. Is this worth it because there seems to be some limitations like this one. “Contract exclusion #8. Any mechanical breakdown or damage resulting from misuse, abuse, negligence, collision or upset, fire or smoke, theft or attempted theft, vandalism, riot or civil commotion, explosion, logjtemomg, earthquakes, freezing, rust or corrosion, windostorm, hail, water or flood, acts of god, salt, enviromental and road hazard damage, chemical, nuclear incident, or acts of war”. With this one line, I basically can’t get anything fixed if they deem one of these as a cause.

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