Yeah, they all say that. And then when you try to claim it they have a million clauses in their fine print that allows them to weasel out of it.

Did you register to your equipment with them when you plugged it in? Do you still have your receipts? Did you use an extension cord anywhere in your power path at all? Did you know they only provide “current pro rata market value” for everything, which means their math makes all your computers worthless after they’re a week old? Can you prove it was actually a power surge and not some other occurrence that took out your device? Etc., etc., etc.

Never trust your equipment to one of those guarantees.