Well they sure market this, but it seems pretty difficult to collect. For the insurance to apply you have to register within 10 days of purchase with a list of what will be plugged into the the surge protector. In case of damage, you have to pay to ship the surge protector to APC. If they determine it's been damage by power line transients, then you need to ship all damaged equipment somewhere to be evaluated. If it's determined that the equipment was damaged by power line transients, then APC chooses whether they'll pay for repairs or for current fair market value.
