There are
specific allocations for
bodily injury, where a driver might cause harm to someone,
and property damage, where that policy holder might hit another car or something stationary like a telephone pole.
Insurance companies require
specific levels of liability coverage on your auto
and home insurance policies before they will approve an umbrella policy — typically $ 300,000 per occurrence for personal liability,
bodily injury and property damage liability on your homeowners insurance policy; $ 250,000 per person for
bodily injury;
and $ 500,000 per accident on your car insurance policy.