Are third-party digital warranty plans actually worth the upfront cost for heavy-use electronics?

Hey everyone. I am upgrading my main video editing rig and buying a high-end ultra-wide monitor. The online retailer aggressively pushed a three-year digital protection plan offered by a third-party financial underwriter, not the actual manufacturer. As someone who uses their equipment for ten hours a day, I'm tempted. Does anyone have experience filing claims with these digital-first warranty companies? Are they actually financially viable, or do they just deny claims by citing normal wear and tear?

I bought a third-party plan for my son's gaming laptop last Christmas. When he spilled soda on the keyboard six months later, they actually approved the claim quickly. However, they didn't repair it; they just sent me an electronic gift card for the laptop's depreciated value, not the purchase price.