Is an extended warranty for a 2001 worth it?

[Garfield]

In regards to new trailers, I know extended warranties have largely been dissed as not being worth the money due to the relatively low risk of component failures for new trailers (which I agree with). And even though I know dealers and insurance companies would not offer an insurance product that does not make THEM money, I have to wonder if buying an extended warranty for a 7 year old trailer might still make some sense.

We're due to pick up our new-to-us 2001 Safari 25 SS next week and the dealer offered us a 4 year "Platinum" policy for $1800 from RV Advantage, an RVDA Canada endorsed insurance product backed by GE Commercial Distribution Finance.

The policy essentially provides all-risk protection (parts and labour) and covers all appliances, waste system, fresh water system & connections, AC, brake systems, bearings, syspension and includes a $300 towing allowance in the event of a breakdown (applies to trailer only I presume). The things it doesn't cover include seals and gaskets, tires, awning, lights, switches etc. There's a $100 deductible for each occurance.

Normally I never consider extended warranties, but since the trailer and all of its components are 7 years old, and considering expensive shop labour (now in the range of $100 per hour - which is always the biggest portion of repair costs) I'm wondering if in this case it might make sense.

I guess it all comes down to the law of averages, but unforunately I don't have a "feeling" as to how reliable the components in 2001 Airstreams are.

I'll probably go with my "gut" and pass on the insurance option, but would appreciate any advice.

TIA!