iPhone lost scenarios:
Imagine you only have an iPhone, no iMac, no MacBook, no iPad. Or you lose the bag with your iPhone and iPad
2014: Apple ID, Password, icloud.com Find My iPhone login, "lost"
2018: Apple ID, Password, icloud.com - "see the two factor auth code on your iPhone" --> "okay, we can also send it in SMS" (new sim card from provider is losing a lot of time here, also SMS) --> "lost" after lots of extra annoyance and thief had more time to reset everything
Lost Android phone - similar
But sometimes it is enough to fly your laptop to another country. You can report to a bank, that it is safe that you are using next week your card in another country, but there is no such option for Google.