COTD - Surge protector

There is a Surge Protector sale on right now.
Last time they had a BELKIN brand with "unlimited insurance" which I didn't buy because I thought it must be more than what they described to claim the warranty if something did happen. Now that there is a Surge Protector with no brand, provides up to $150,000 worth of insurance within 12 months. Can someone provide some insight to how these insurance work? I mean these deals seem too good to be true, and I am very skeptical on how they describe their item without providing fine prints.

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