Unless you plan to keep your projector for only a year, I recommend an extended warranty so you have at least two years total. Mind you, I'm not normally a fan of extended warranties, and almost never buy them myself, but one year warranties seem short to me, for an expensive piece of gear. My logic is, if it breaks during the 3rd year, you can probably replace it with something better for less than the cost of the repair. But if a projector fails you in month 13, and you have no warranty, you are definitely not going to be happy! The good news is that the extended warranties are pretty inexpensive.