Surge protector systems are designed to protect electrical equipment against high voltage transients - surges. During operations, they develop faults and may fail to provide the required protection without users being aware. Hence, the necessity for a more reliable and effective way of monitoring such systems using the Internet of Things (IoT) technology. This paper presents a an IoT based implemented model which adequate monitor the system status in a distributed approach, and also predict the probability of subsequent failure. The surge protector monitoring system was built using a Zmpt101b voltage sensor and Acs712 current transducer. The system accurately measured the input/output voltage and current of the surge protector and upload the measurements to Thingspeak with 15 seconds interval. It monitored the distributed surge protector devices, modeled, and simulated probability of an error in the sensors and incorporated a developed android application for remote monitoring. The surge protection monitoring system is useful in buildings with lots of distribution boxes present, sensors within the range of the measured parameters chosen.