I'm close to buying a new leather living room set. This will be my first leather furniture. The store offers an 'insurance' policy that will cover accidental cuts/tears/damage for 3 years. I need to check further to see the exact coverage and resolution they offer. I know it doesn't cover pet damage (we have a cat, but no kids). The policy costs in the $300 range. I'm paranoid I'll do something stupid the second day like sit on it with a screwdriver in my pocket. Has anybody bought one of these policies? Recommend it? Would most homeowner polices cover this same stuff? I hate to throw $300+ away.