Product Protection Plans are services offered by retailers or manufacturers that provide coverage for repairs, replacements, or damages to a product after purchase. These plans typically cover issues that arise from normal wear and tear, accidental damage, or mechanical failures, ensuring that customers can maintain their products without incurring high costs. Customers can purchase these plans at the time of buying a product, such as electronics or appliances. The plans often vary in terms of duration and coverage, allowing consumers to choose options that best fit their needs and budget. Popular examples include extended warranties and accidental damage protection.