I'd like to tap on the brakes when it comes to singing the praises for Sage. Yeah, they'll fix it, and it won't take forever, and they'll do a nice (well, decent anyway) job of it. But, the "handling charge" which I remember being about in line with postage about 10 years ago, climbed to $35 last year, which is easily two and probably three times what Priority Mail would run.
They make a nice rod, but don't ever think you weren't paying for this warranty up front. And as much as I like my SP for much of my fishing, it's one of the most "breakable" rods they ever made (and dropped it pretty quickly, too. In the last year or so of production, some models came with two tips -- shows you how durable Sage thought it was!) Last year I broke the butt section of my 5wt BEFORE my 5X tippet broke. C'mon! And the break was right at the edge of the stripping guide foot, so it's hard to believe that the break wasn't due to some damage caused by the foot or the wrapping process. So I wasn't delighted to pony up the S&H again.
When I think of the custom rod I could have got for the money I spent on that SP -- well it pisses me off enough that I'll never buy another Sage factory rod!