Well,
I look at this from this point also: even Victorinox gives lifetime warranty and you can pick it up for 10% of Rat Trap price. Of course, it does not cover, for example, intentional abuse or breaking the knife because of prying. I am paying more, so I want to get more.
And it was said correctly about prying. If you are in a life threatening situation it does not matter if you damage your knife or not as long as it saves the life. But if Swamp Rat cannot warranty against prying, does this mean you cannot rely on it in every situation? My school friend died in Siberia during winter about 10 years ago after he fell into a construction hole dug in a footpath and could not get out. So, it is a realistic scenario you may need to use a folder for prying. As long as the knife can take my weight without braking until I can get out of the trouble the rest does not matter.
But now a few clarifications were made. As I understand, as long as I do not disassemble or modify the knife I will have warranty cover - fantastic, this is what I want to see!!!
Regards,