The warranty includes wear and tear. My transmission does have minor grinding problems now and I suspect it will get worse soon. So I'm not actually assuming they will cover this because that is what they advertise. I will contact them via phone next week and talk to someone in person though since I do not know the price involved with this type of warranty. This is the company I am thinking about.
http://www.autoprotection.com/factory/Porsche/
They have 4 tiers going from complete to minimal. I will compare the prices and see how much money I'm actually dealing with.