One other tidbit...make sure the contract is "pro rated" if you decide to cancel. That way you'll get some of the price back based on how long it was in effect.
I ended up selling my black bimmer about 3 months after we moved to podunk USA, (black & dirt roads don't mix, nor did super high perf tires go well with dirt road and rocky terrain - didn't expect to be moving, but sometimes life has surprises in store for you....) cancelled the warranty, got exactly the number of months remaining back as refund.