PSN Plus members can get a discount on a 2 year Protection Plan from Sony now.

Normally you have to pay $59.99, but if you are a PLUS member, you pay $44.99 instead for 2 years of coverage to any damages to your PS3.

http://blog.us.playstation.com/2010/08/24/coming-to-playstation-plus-discounted-playstation-protection-plan/