Bikes as well as cars, both need to have some sort of assurance or compensation claims so that the owner may have a certain chance of getting compensated with the desired claims level. In other words, we can say that, yes, both of these vehicles need compensation claims insurance so that they may get through certain issues that otherwise cannot be solved.
In Australia, getting a bike insurance or an insurance for a car is equally important because both have to be on the road along with other vehicles and drivers on the road.
Bikes as well as cars, both need to get the best possible motorcycle insurance coverage so that there are lesser hassles involved and there are lesser chances that the coverage may not be there or is not available for the vehicle you have.
Due to many reasons, the coverage or insurance offers more or less similar coverage like,
Both of this vehicle need fire and theft insurance to ensure compensation if these get into trouble due to fire or some sort of theft attempts in the area. This may help in keeping things safe and sound and avoiding problems due to the lack of support.
In another case, if the bike or the car gets into an accident, they also need to look for the same compensation and claim processes that are offered to all.
Bikes and cars, both need to stay on the safer side so that they get the best coverage and make sure not to harm the third party or if that happens to have eth CTP may help a lot.
Due to such conditions and similarity of the circumstances the bike and car insurance are necessary things so that they can be driven safely and offer safety measure to other drivers and vehicle owners as well.