It is best that whatever things you own, especially the most expensive ones you should purchase an insurance. Twice that happens to us, insurance saves us big-time. The appliances we bought broke after a year and since we bought the insurance, we were refunded with the full amount saving us almost $700.
There are sites that give out quotes so; the choice is yours according to how you can afford to pay. Take a look at don allred insurance quotes to have an idea.