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I had no idea this existed and I registered as soon as I could. If you overclock your Socket 1155 or 2011 processors you should probably spend the extra cash for this protection. You have 1 year from the date of the purchase of your CPU to add this protection plan.
http://click.intel.com/tuningplan/
That's fairly competitive pricing.
Compare to the IPR (Instant Product Replacement), at my local computer store (western Canadian chain) http://www.memoryexpress.com/
2 year IPR: $23.99
3 year IPR: $30.99
4 year IPR: $40.99
With IPR, if your product goes (which includes overclocking a processor to hard), you can have the part replaced on the spot or if you're not comfortable doing the replacement yourself then leave the system with them for 24 hours.
I wasn't going to do IPR on the processor, until the guy showed me that even if you overclock it, it is still covered.
Ive never had a CPU die once the clock was stable. But I never mess with it either once its done.
heh...the only time I've ever had a CPU die on me from overclocking or thermal problems was in the late 90s. And it was on an AMD before they added the safety features like Intel has.