Yeah pretty much, even with the 2 years, their quality is so high, and so reliable that warranty really isnt needed. If something has a lifetime it means, mostly, they expect it to need one that long. After 2 years that card will still be running and will run years longer, by then you might even have replaced it anyway. Its more because you pay for the protection, that and Sapphire goes on sale more as its in more demand.