Ouch!
Being more of a computer geek than a audiophile, I will say that I'm not a very big fan of Fry's (NEVER BUY A RETURNED/WHITE STICKER ITEM!!!). Some of their buisness policies are shady, at best, in my opinion. $250.00 is pretty steep for an extended warranty if you ask me. My 4 year extended warranty from Best Buy for my Pioneer VSX-1015TX (which I'm picking up this Saturday) is only $35.00. Since you already bought it, I would probably start my incantations and pass on it. The incantations would be for insurance that it won't crap out on you after a year and , god forbid, should it break down the repair bill will be $250.00 or less!