Bike insurance or two-wheeler insurance is an insurance policy that covers you against damages to your two-wheeler due to accidents, natural/man-made disasters, fire, and theft. The policy also provides coverage against bike-related third-party liabilities such as damage to another person’s vehicle/property or injuries/death of a third party. You can buy insurance for 2 wheelers to cover motorcycles, scooters, mopeds, etc.You need a 2 wheeler insurance policy to protect yourself against financial losses arising due to damage to your bike or third-party property/life. Here are the reasons why you should buy insurance for bikes/scooters in India.