is this warranty any good? - formula x 12 months

[village idiot]

offered i believe by car care plan

http://downloads.clickedit.co.uk/8625/Formula%20X%...

this will be on a bmw 630 convertible.... i'm trying to work out whether it is worth the piece of paper it is written on and therefore worth paying for.

if not, i'll try to hunt something out with a main dealer warranty of some description.

cheers