Share We may earn a commission when you click links to retailers and purchase goods. More info. Each year around this time, Verizon gives customers an opportunity to sign-up for a protection plan that covers their gadgets. Typically, this is done when you buy a device, but if you skipped out to avoid that extra monthly charge yet now realize you could use it, this is your time to shine. Verizon offers so many different plans that it’s getting hard to keep track of. They used to just have Total Equipment Coverage (TEC), Wireless Phone Protection (WPP), and an Extended Warranty. Today, they offer Verizon Protect as the top tier plan, Total Mobile Protection (TMP), and a couple of multi-device plans on top of those original three.