Talking about extended warranties by Circuit city(Source in Canada).
I bought a cordless telephone from them a year back with 2 years extended warranty. I was told then that anything up to $200 value is replaced and not repaired.
Well, when I took the phone to the shop with the keypad problems, I was told that it is actually a Repair warranty that I have(none of this shows up on the receipt though) and I won't even get a loaner phone for the period that they take to fix the phone. Ridiculous!!
It was a very humiliating and frustrating experience!