I personally haven't bought AppleCare+ for my Macs but since this 2019 16" is through work they got AppleCare+.
Congrats on having your home completely paid for. Most people don't have that kind of luxury. Also what happens if your home burns down? You just gonna shell out $300,000+ cash to replace instead of paying $200/mo homeowner's insurance? $300,000 is 125 years worth of homeowner's insurance payments.
Apple was forced into that service program kicking and screaming. Anyway, it's one mere example of a litany of issues over the years for which many issues were not fixed for free unless it becomes a huge and embarrassing a problem for Apple. I was a victim of the video card scandal of a decade or so ago for which Apple had a service program that did not even fix the problem. It's much like the butterfly keyboards, which many say fail over and over again. Anyway, you can just watch a few Louis Rossmann videos and you will see what I mean.
Apple historically has put form over function in MBP design without regard to engineering best practices. I am not saying that the "butterfly keyboard effect" is an intentional strategy -- but it is certainly the end result.
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At the end of the day you have to know yourself.
Are you a clumsy person? How's your track record with other electronics?
I never leave my drinks on the same surface as my MacBook and if I do I make sure I have my Mac on a stand in case I do spill. I bought this on amazon for $25 a few years back that works great.
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My buddy spilled a drink on his 16" and it came out to $1475 before tax for apple to repair it.
AppleCare on the new 16" is $400 for 3 year coverage. $100 deductible for screen, $300 for everything else.
They also offer a yearly plan for $150.
Just buy it. It’s saved me thousands of dollars. Replaced my logic board 3 times, replaced countless things in my iMac too.I know for MBP it is 60 days, I am guessing the same for all devices but I can not say for sure.