A surge protective device will not stop a direct lightning strike, and nobody should tell you otherwise. It does not replace grounding — it depends on it. It does not make point-of-use protection unnecessary, because it sits upstream of transients generated inside the house. And it does not last indefinitely: the components degrade as they work, so the indicator matters.
What it does is intercept the great majority of surge activity, which arrives on the service and reaches every circuit at once, before it reaches equipment that has no other protection. On a house with panel work already planned, adding it at the same time costs very little extra, because the labour overlaps almost entirely.
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Useful to include: a photograph of your panel with the cover on, so the type and available space are visible, and anything you have already lost to a surge. The panel is what determines whether this is a simple addition.
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