Purchase a warranty for an out-of-warranty T61p

My warranty expired a little over a year ago. My situation is that my system won't start up (1 long beep, 2 short beeps, blank screen), and I have already determined that I will need a new system board. The price for this is $475, and it is only guaranteed for 30 days labor, and 90 days for the part.
I was told that I could possibly get a new 1 year warranty for around $150 which takes a few weeks to activate, but still seems like a great deal. Is this true, and will it cover the system board that malfunctioned while not under warranty?

Hi gpig,
Why don't you give them a call and verify it yourself?
United States
1-866-426-0005
Hours of operation:
M-F: 9:00 AM to 7:00 PM EST
Sat and Sun: Closed
Note: All times are for the Eastern Time Zone.
For expired warranty service, lenovo page says this:- http://www-307.ibm.com/pc/support/site.wss/THNK-PLUS.html#ma
Hope it helps.
Maliha (I don't work for lenovo)
ThinkPads:- T400[Win 7], T60[Win 7], IBM 240[Win XP]
IdeaPad: U350
Apple:- Macbook Air [Snow Leopard]
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Purchase a warranty for an out-of-warranty T61p

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