Optional Ziebart Protection Package

[Hoffman5982]

Has anyone heard of this? I recently picked up an 89 coupe and the owner, who's mother bought it brand new, gave me the window stick and some other goodies. On the window sticker for options it had:

Ziebart Protection Pkg.
Includes: $695.00
Undercoating
Rust Proofing
Paint Protection
Fabric Protection


Then, while digging through the other stuff I found a certificate looking page that says it has a lifetime warranty for those things. Here's a scan:



And the back side:


Of course it does say that the amount can't exceed the current NADA value. Average value for this thing is ~$3200 which is at least paint.

The question is, am I reading this correctly. Can I take advantage of this like the seat belt warranty? I have never heard of this protection before now.

And since we all like pictures, here's the coupe I got for $500






Thanks!