Yes, in many jurisdictions, having at least third-party liability insurance for your two-wheeler is mandatory. This requirement helps ensure financial protection for damages or injuries caused to others while operating your vehicle.

Premiums are based on factors such as the make and model of the two-wheeler, its age, the insured’s riding history, location, and coverage options. Insurers assess these factors to determine the risk and set the appropriate premium.

In the event of an accident, ensure everyone's safety first, report the incident to the authorities if required, and inform your insurance provider as soon as possible. Document the accident scene, collect relevant information, and follow the insurer's claims process to file a claim.

Standard policies may not cover accessories and modifications unless specifically included. To ensure coverage for these, you may need to add a rider or endorsement to your policy, so it’s important to check with your insurer about including these items in your coverage.