The thing about claiming the Belkin insurance is that it only covers the replacement cost of the damaged items. Doesn't compensate you for the inconvenience and time and effort to buy the items and setup again. Nor does it cover loss of data (e.g. if your HDD is fried).

So, I prefer if the surge protector actually protects the equipment. The insurance is of secondary value. Anyway, that's why I'm using Cal Lab too