We just had a big discussion on this but for a truck. You are just buying insurance, and buying peace of mind that you won’t be putting out several thousand on an engine etc. True that you will also make your sled more desirable if you plan to sell it while still under warranty as well.
$1000 doesn’t seem like a lot of money these days for that. To each his own but I would be tempted to get it. Bullwhipman is right, it is just a gamble. You will only know at the end of the warranty if it was worth it for you. You are paying the $1000 to know that you won’t be putting out 4 or 5 thousand. I had a buddy bought a 600 ACE, motor went, total fluke for one of the most reliable motors, it can happen. BRP covered parts.