Where I live in East Texas, we lose power all the time. In the winter, it's from branches freezing with ice, breaking off and damaging the lines. Then we have severe thunder storms in the Spring and Summer, which can take out the power too. Worse case for me has been five days without power in the middle of winter when temps never got into the 30's.
I have a wood stove, so heat and warm water are taken care of.
Since I consider a loss of power an emergency situation, I hunker down and switch to survival mode and only use what I have to use. One light, my phone charger, the computer or the TV and that's really all I have to use. I will not open the refrigerator or the freezer when the power is out so everything remains cold inside them. When the power was out for five days, I did plug in the fridge for a couple of hours every day, and then the freezer to kind of give them a charge at keeping everything cold. I didn't know how long the power would be out, so I made it part of my routine to do that until the power came on. That's the only time it's been out more then a few hours.
My generator is the little Honda 2000 inverter type. It's super portable, starts easy, uses very little fuel and it's super reliable. It only puts out 13 amps, which is plenty for getting by. I don't plan on powering my entire house or anything more then I have to, so this has worked out perfectly for me. I also use it for projects on my land, so the small size is a huge bonus.
My parents had a Onin Generator powered by a Kubota diesel engine for their house back in CA that was pretty expensive. It worked great until the water pump went out, then it was worthless until they got it fixed. Fortunately the Kubota tractor dealer was able to get the pump faster and cheaper then the place they bought the generator from!!! Unfortunately, they didn't have the generator working when they needed it and they had to live in their RV for a few days. They could have ran an extension cord to the house, but the RV was fully functional and easier for them to live in for the short term.
Back in my Marine Corps days we had massive generators at the embassies I was stationed at. Once a month we had to run them for several hours to make sure they where working properly and the fuel was fresh. I only had to do it a few times, and all I did was start it up, and then turn it off a few hours later, and record it in the log book. If you get a full house generator, be sure it's not something that you have to run all the time to make sure it's working when you need it. If it's diesel, how long will the fuel sit? If it's gasoline, the longer the fuel sits, the worse it gets. I've thought about propane, but I always run the Honda generator until it's empty, so that's solved my fuel issues for now.