There are two types of two-wheeler insurance plans offered by insurance companies:   – Third party insurance: This insures you of all the financial losses you cause to a third-party and their vehicle. This has been made mandatory by the government to take this bike insurance without exception.   – Comprehensive insurance: This includes third-party insurance, covers two-wheelers from accidents, fire, theft, natural calamities, and covers the medical expenses of the person. The comprehensive bike insurance cover doesn’t shield your bike against depreciation (wear and tear with time). You can save the depreciation by choosing a Zero-Depreciation add-on.