A bike insurance policy offers financial protection by covering expenses arising from accidents, theft, natural disasters, or third-party liabilities. This includes damages to your own two-wheeler, third-party property damage or injury, personal accident cover, roadside assistance, and more. It safeguards bike owners from unexpected financial losses and is also a legal requirement under the Motor Vehicles Act, 1988, which makes third-party bike insurance mandatory for all two-wheeler owners in India.