A surge or spike is a higher than standard voltage. This higher voltage can push parts past the limits. Protectors send these events to ground(to avoid it getting to your hardware.). You can also get a full house surge protector to protect everything(better).
You also can have brown outs. that are lower than standard voltage. I had 90volts on out 120 volt service once. I am sure it could be lower.
When getting a UPS make sure you check the runtime to make sure it gives you the needed time. Also make sure your hardware does not take more than 400-500 watts from the plug or else the UPS will not work it will just shut off.
If it is straight blackouts, they should not hurt the hardware.
EDIT
You made another post.
The protection...