AutoXer,
I am in the same boat as you. Except that I bought one for my X5 and one for my daughters 328i. Cost me $4200.00 bucks in Aug for the 2 of them. That is not the end of it. I took my X5 to dealer on Nov 20 had some work done total bill was $1800.00 1Source warranties said they would pay for
$1000.00 of it. I paid the rest, got the car home, had it 1 day SES light came back on and oil was setting under the X5. Took it back to dealer they said needed mass air flow sensor and bunch of hoses and head gasket. Total bill for all that is $1700.00. They then told me that they can not get hold of 1Source warranty company, to ok the work. They have been trying since Dec 5 and my X is still sitting at the dealer waiting for them to ok the work. I talked to my dealer today they informed me that they never got there $1000.00 for the work they did early and if I want my car back I have to pay that also. Plus the $1800.00 for the work it needs now. So let see $4200 plus the $1800 plus $1700 = $7700 that I am out. Just what I need right before xmas.
I called my credit card company talked to them about it. They said the only thing to do is to cancel my credit card and file with them a fraud claim and they would reimburse me the $4200 that it cost me for the warranty to begin with. After I send them all my statements that show the charges that 1Source warranties charged to my credit card. So I am going that route. Wish me luck.

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99 328i Black
01 X5 4.4 Titanium Silver
03 Z4 3.0 Titanium Silver (retired)
05 Z4 3.0 Sterling Gray Metallic