....kind of. It's got a deductible for accidental damage, and the deductible can be fairly significant.

You're going to be out an additional $99 if you only damaged the display or only damaged the top case. But if you had a liquid spill or significant drop, you're likely going to be out the $299 (for damaging both, or for damaging the logic board/anything else internal at all).

It's a decent deal if you've got a high end machine, but it doesn't as much sense IMO if you bought something like an Air or a Base 13".

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In contrast, ~$160 on a $1.5k Dell Latitude will get 3 years of warranty + accidental damage coverage with no deductible.