I'd sure want to protect against THAT kind of surge :-)
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The monster will help with the surge protection, but will degrade the sound. $200 on Agon will get you a Chang which will actually help the sound and protect your equipment. Or $200 new Rotel has a surge protector which doesn't hurt the sound (doesn't help either) but will just be a good surge protector.
Save your money. $100 won't get you there.
Recommended by The Absolute Sound and tons of positive reviews for years e.g.on Audio Asylum --Monster HTS 1000 or its "computer" equivalent (same unit, different labels)or a Monster HTS 2000 used, though it saw a new one online for $129 once. Doesn't degrade the sound, on the contrary provides significantly-improved sound and also video.