I've only had one close encounter bewteen lightening and my personal electronics. My computer at the time was a UNIX system with power through a
Panamax surge protector, and the strike was on the
underground utility runs about 1/2 mile from my condo.
I lost one 2500 style telephone, two TV sets, an electronic control turntable, one of the record amps in my big reel-to-reel recorder, three (out of four*) Hayes 2400 baud modems, one electrical analog clock, and a number of plain old incandescent light bulbs.
Most of these items were not even turned on, the hit jumped the switches.
The computer was not damaged in any way, even though it was "ON" before the strike.
Was the Panamax responsible for protecting the computer? In my opinion, yes. The surge protector itself took a heck of a hit, and was a complete open afterwords, and much of the
input side of the interior was "smoked."
The surge protector was replaced, no questions asked, by the manufacturer per their warranty.
A good surge protector can protect the equipment, a cheap one just might not ...
* The one modem that survived out of the four in service, and the one 'phone that also survived, were plugged into the Panamax, too ... the others were not ...