You are very fortunate that you purchased the Protection Plan. People in your situation who did not are in a very uncertain position; they might be able to get a rescheduled trip for a later date, they might get nothing at all, or they might get some kind of partial refund if they are lucky; it all depends upon the status of the points returned to the owner and the goodwill of the owner and willingness to work with you. It is entirely possible that the points owner refuses to refund a penny.
One question is, would you go on your trip in the (somewhat unlikely) possibility of the resorts being reopened by the day of your trip? If so, AND if you paid for the trip by credit card, one option is to wait until late April, and if the resort you paid for is closed, ask for a full refund, which will probably not be forthcoming, in which case you should be able to dispute (chargeback) the charge with your credit card company, as you have the right to do anytime you pay for a product that ends up not being supplied. If you know that you will definitely not want to go, I would be inclined to invoke the Protection Plan while the penalty is still only $4 per point. If you do this, make SURE that you have a written record (or at the very least, a recorded phone call) of you invoking the cancellation option that the Protection Plan provides.