Read the fine print...
One thing about Absolute is that in order for them to pay out on the $1k payment, your machine needs to "call-in" to their center at least once AFTER you've reported it stolen.
I've had a Windows laptop recovered using this service, and the Windows side of the service works much better in that it embeds itself in the BIOS. A hard drive replacement will only make the agent reconstruct itself on the new drive. On a Mac, you don't have this option, so...be warned.
If someone chucks the Mac, you don't get $1k. If they're smart and they replace the HDD, you don't get the $1k. And think about it, how are they going to "log in" to the network for the machine to "call-in" if they can't get into your password protected Mac?
The $1k is a Marketing tool. For Windows machines, I highly recommend CompuTrace Complete (the product on the Windows side). For Mac, just save your money for a new product or have good insurance.
As for my "recovery" experience, it took two months before the laptop called into Absolute's center. Even though I could track it from the console, I couldn't do anything until Absolute recovered the laptop...a month later. You would think they would work faster on these things, and maybe they ran into problems in the local jurisdiction (Las Vegas), but it seemed that they sure took a LONG time to do anything about recovering my laptop. Hell, it took them three weeks to even acknowledge that it had called in, and I'd seen that already from my monitoring of the service. Still, we got the laptop back.