What you guys don't realize is that the chances of the owner to collect any insurance money from the lock manufacture is slim to none!

Ok, he's got the lock, but he also needs a police report which in most major cities the police won't bother wasting their time; then they need the original box the lock came in with the UPC intact which you had to send in when you registered the lock, along with the original receipt which you also had to send in when you registered the lock, so how can you resend that if you no longer have it because you sent it in! hmmm. Anyway in addition to that you have to have photos taken and the time of day the bike was stolen of the area, the lighting if at night, undisturbed crime scene of what the bike was locked to, undisturbed lock. Then the lock company looks at all the evidence you send and they determine if you get any money, sometimes they'll send you a new lock for free but won't insure the bike due to something they found that left the bike vulnerable to theft and therefore not the locks fault. If the lock registration had expired which is usually after 2 years and you didn't renew it you're screwed of course, and then after the 2nd registration has expired you have to buy a new lock and start the whole thing all over again.

A major bicycle rag once asked Kryptonite how many bicycle claims have they paid out to registered owners of their locks for stolen bikes, and Kryptonite refused to answer the question saying it was guarded information...right, what they really mean is that they pay out very very few claims if any.

You want insurance on your bike it's already covered through your homeowners or renters policy minus a deductible; or get a floater for the bike specifically added to your homeowners/renters policy and have no deductible, but floaters cost an average of $9 per $100 of bike value per year, not bad but chances of a bike theft is fairly remote so you have to figure out if paying for the insurance is worth it for you. Insurance is a lot like gambling, I gamble I'm not going to have a loss so I don't insure the bikes separately they're just insured through the contents coverage of my homeowners policy, so far after 40 years of having bikes I haven't lost the bet so I'm way ahead of what the cost of the insurance would have been after 40 years of paying.