[algs26]

Comprehensive: covered in case of theft, flood, etc.
Collision: covered for crashing (basically while moving). Deer, car, etc. If fault is assigned to the other party, you should be covered by the other party assuming they have insurance and they don't run.

Unless you have special insurance like for old or exotic cars, you're covered for the value of the bike. Salvage is worth less. Mods may have to be added to the policy.

If the bike is parked in the open, comprehensive might be a good idea. Bikes are pretty easy to steal.

You can have a higher deductible to lower the premium.