In this case, not all surge protectors as created equal. Be sure to read the warranty and coverage information carefully as it varies quite a bit model from model.
We recommend Intermatic & Eaton brands specifically for both the quality of the equipment being installed as well as the warranty from the manufacturer. They both offer up to generous coverage in the event of a surge as well as offer a long warranty on the equipment itself.
We specifically like these two models for residential use:
EATON Ultimate Surge Protection ( CHSPT2ULTRA ):
Great low cost solution for residential needs. Limited lifetime warranty on equipment and $75,000 coverage for connected devices. Must be replaced after a surge event.
Intermatic Smart Guard Whole Home Surge Protector (IG2240-IMSK):
Intermatic is backed by a great warranty & quality equipment, & solid customer service. There is a 10 year product warranty and coverage for up to $50,000 on connected equipment. Modules can be replaced after a surge.