The last time I read it, a clause had me underline it and say, no deal.
Look for a statement that if they can't repair it, they can refund the cost of the warranty to get out of the deal. As this plan changes over time I can't guess what it is today.
Also, how much is the TV?
im planning on getting the samsung 65" model UN65KS8000FXZA
best buy has 2 year 'geek squad' protection for $230 or 5 years for $450
what is your advice on getting one of these? i think i would at least get the 2 year plan, id rather not pay $450 for 5 years unless that is advisable. i dont know how often these new samsung's would have to have an expensive repair. my last samsung is probably 8-10 years old and has never had a single problem. thanks!!

Chowhound
Comic Vine
GameFAQs
GameSpot
Giant Bomb
TechRepublic