Here is the deal, the protection plan has 3 parts...
A) free shipping on defective equipment. Let's face it, Dish equipment is garbage. Granted they got great features and technology, but their receivers tend to go bad at a higher rate than Directv or the cable companies. So if your replacing a received every 3 months, then your probably best to keep the warranty. If you got a solid receiver, then save the $8 on the warranty and self insure on the shipping.
B) equipment warranty. If you have leased equipment this is not an issue as the equipment is covered forever. If you have owned equipment there is some benefit, but unless you got 6 722's on your account or 3 owned hoppers, your still better off self insuring.
With the cost of equipment going down and I believe the out of warranty exchange fee still being $50, it makes no sense to pay $8/mo. You would need to replace an out of warranty receiver every 7-8 months to be a benefit.
C) how technically savvy are you? If you can crimp an end on a cable, and you can trouble shoot issues yourself, then the technician visit fee reduction is worthless. If your on this board, you should be able to figure out any issue with the help of the other members on this board. If you think you will need w technician, then a $10 or $15 service call is not bad. However you can usually get a local dealer for $65.
Personally, if your on this board then put your money away because there is no value for you in this.
If your a little 80 year old lady who wants peace of mind, then your probably better getting the $8 warranty.
The only time I had the warranty when I had (6) 722's on my account that I owned and when the plan was $4.99. I got my money out of it in the free shipping and because I would replace 1 receiver every 8 months or so for whatever reason. Today, no way would I have it