Electricity companies are required by law to keep the supply within limits that won't harm anything connected to it. This includes 'surges'. The problem is more to do with 'spikes' that they can't control. For instance a lightning strike close to an electricity supply line can produce a very large spike on your house mains. Computers don't like these! But for things like lights, heaters, etc, this isn't a problem, since their reaction time to a spike is relatively very slow.
Since a spike will normally represent a single high frequency pulse, most 'surge protectors' for computers, etc simply act as filters, allowing the 50Hz mains to pass through, but stopping anything of higher frequency.
The only sure way to stop surges or spikes is to use a UPS. (Universal Power Supply).These devices take the mains supply, convert the a.c. to d.c., then convert the d.c back to a tightly regulated a.c. at constant voltage level. No surges or spikes get through. But one to install a UPS for the whole house would be prohibitively expensive, and isn't needed for most things in your home.