QUOTE
They are also now insured for "Überspannung" (check your policy, not everyone is), and not for only a direct hit.
Most newer policies have this cover, however, until about five or ten years ago it wasn't so common, so if you have an older policy it's certainly worth checking.
Überspannung is much more common than a direct lightning strike and can occur when the lightening strikes 200m and more away from the house.
Lightning conductors, properly installed, do provide some protection, however, decent protection systems are expensive, as a rule a single mast is not enough, you really need a sort of net with multiple masts and substantial earth routes. Much more important, if not properly maintained, they can become more dangerous than no lightning conductor as high impedance connections where connections loosen and rust provide a high temperature source which can start a fire. Regular maintenance is not cheap!
As a process control engineer I have been involved in lightning protection of control rooms on many occasions. What I have learnt there leads me to the conclusion that domestically it's not worth the trouble - just make sure you're properly insured!