It would be very nice to have such options on a factory Mazda warranty. The numbers above are pretty low for peace of mine. And the odds of not having a single repair in 7 years are very low.
As MikeM stated, the odds of having a repair that the warranty covers in the 7 year period are very low. Sure, you will replace tires, brake pads, wiper blades, battery and keyless remote batteries probably and do scheduled maintenance, but none of these events will be covered by warranty. The expensive repairs will most likely happen after the warranty expires (which is exactly how the warranty company planned this).
If it's peace of mind you are trying to achieve, then separate CD or investment account for $814 will be far more productive and will increase in value over time.
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