Great information, and I'd also like to add one thing.
I have the basic "$10,000 insured" surge protectors and when I had a surge caused by line workers in my backyard Phillips refused my claim. Long story short, yes I tried to claim with the power company but after that I went to Phillips. They said since I never registered their product they wouldn't pay anything out.
Luckily I only lost the main logic board on my Samsung and it isn't a major part, but a warning to everyone in that you should inquire about all policies mentioned beforehand.