Pricing for the Sony PlayStation Protection ranges from $45 to $60 for the PS3 and $30 to $50 for the PSP and PSP Go. There's also an option for accidental damage cover for the PSP/PSP Go which covers us clumsy folk who feel the need to drop their electronics at least twice a day to test their robustness.
A quick look at the Terms and Conditions reveals that although Sony will pay for shipping and handling, the company won't recover any data.
"User data stored on disk drives or other memory devices are specifically not covered and may be lost. All Product settings will be returned to the original factory default settings."
Sony also stipulates that at its discretion, it may decide to replace your console with either a brand new device or a refurbished, factory-certified console. The same goes for any parts that may be required for the repair.
Would you consider purchasing any of the above plans? Let us know in the comments below!