Tojo72
I got one of those whole house surge protectors installed right in the electric panel
The surge protector installed by the utility company only supposedly protects for spikes (when voltage goes to high) or brown outs, ( when voltage goes too low ). Surge protectors, after being hit a few times with ligning and power variations become ineffective and need to be replace. Good look having you power company replace one.
Also, if the power fails, your electronics are shutdown hard, some electronic equipment, such as a PC, do not like to have power taken away hard, some of the things that can happens is lost of data and components getting fried.
I am a retired network engineer, in my shop we use to have UPS for everything. The cost of the units we had in the shop was in the thousands, but we consider them of a high priority.
Joe