absurd
to pay 20-25% of the price of a computer (in the case of an Apple laptop) for an extended warranty. This is where the big electronics chain stores have been making huge bundles for decades, because it's a much better deal for the seller than for the buyer -- and they generally charge a much lower percentage than Apple. (When people speak of the "Apple tax," they should really be talking about the price of Apple Care -- way out of line with industry standards -- more than the price of the machines, which I don't think is all that unreasonable.)
It's a sucker's bet -- like playing the money wheel at Vegas.
Imagine if you bought a $40,000 car, and were offered the same kind of service deal -- for $10,000. Would you take it?
Also, factor this in: after a year, an Apple computer is worth 60-80% of its purchase value, depending on condition. What does this mean? It means Apple Care represents an even *higher* percentage of the value of the machine -- easily as high as 30-50%!
But hey, if it makes you feel better...
Remember: all Apple computers are covered for a year anyway. Statistically, the machines that make it through that first year problem-free are less likely to contain defective parts. Other damage may be caused by physical wear -- much of which AC will not cover.