We have two tall coconut trees at our residence. The trees are, unfortunately, very close to a neighbors house. There has been a recent case in our locality where a bolt of lightning struck a coconut tree and fried the electrical wiring and electrical appliances of the adjacent house. Since then, they are asking us to cut down the coconut trees because they are concerned that another lighting bolt will our coconut tree and damage their house. While I agree with the concern, I'd also like to save the trees.
So, my question is: Does installing a lightning arrester taller than the trees considerably reduce the chance of a lightning bolt striking the trees?