don't bother
if you put the $1295 in a high interest account in the 2 years of the factory warranty, there will be $1400 there, $50 to $60 a year interest. by the time it will expire you (potential) will have the $2000 they would cover, that will still be yours, to do freely what you want

(rhetorical) how often does a new bike really break down?

Standard 2 yr warranty for me .

If anything goes wrong with it out of warranty it'd be cheaper and easier to source your own parts and use an independent shop if you don't want to repair stuff yourself.

Use the money toward fuel and tyres, you'll be surprised how long it lasts!

Make sure you put the Ks on in the first 2 years under warranty, after this time you will know if its worth

keeping or not.