Magnum plus lock - Up to £1400 warranty

[cwah]

Has anyone purchased these lock?
MAGNUM Secure Lock Systems - Magnum Plus

Manufacturer claims to offer up to £1400 money back if your bike get stolen with these lock. Doesn't that worth bike insurance?

Problem is that they require the model and serial number, things we don't have with electric bike because the kit is separated from the initial bike:
http://www.magnum.ws/Magnum/Documents/Anti Theft protection offer Key warranty registration MAGNUM.pdf

Any though?

 

[oigoi]

I had a kryptonite lock with a similar guarantee by there was one snag in the small print - you had to be able to give them the broken lock back to make a claim. In the past when I have had bikes stolen they did not leave the broken lock. I would say check the small print, and see if giving them back the broken lock is part of making a claim.

 

[electric_avenue]

There are no terms and conditions for the warrantly on their website, so I'm taking a guess its carefully worded to be sure you can't ever claim. I've raised a support ticket with them asking for a T+Cs and I'll post back here when if I get them.

 

[aseb]

I got one of those locks, they're good. But the warranty has 'small print' that means making a claim wouldn't be worth the effort- I can't remember the details now though. That said, I like the lock with it's 4 point locking action. It's quite short so sometimes can't wrap around the bike and onto a solid object but the lock came with a fairly substantial cable that is pretty long but I think that isn't covered by their guarantee though.
It's still safer to use 2 different types of lock to secure the bike but have to admit that I rarely do.