Originally Posted by
FBinNY
I don't know about other brands, or what's happened over the last few years that I've been out of touch, but can say that I was close to the owners of Kryptonite Lock (when it was a private company) and they paid out tens of thousands of dollars every year to folks who had their bikes stolen. Yes there were rules and conditions, and many didn't get paid, but many, many did.
BTW- an interesting stat about bike theft based on KBL claims filed. The theft coverage was for one year, and the first month had far and away the most claims, which might be explained by a new rider and a new attractive bike. However the second biggest month for claims was the 12th, which makes one wonder about what was going on....
Since their no longer private they don't pay claims, in fact they won't ever release how many claims they've paid EVER because everyone on the board knows it's very small, if any, compared to the number of locks actually were defeated. So I doubt you know how many claims they paid either because they refuse to release that information to the public or media.