Most professional financial planners recommend carrying at least $100,000 in bodily injury liability coverage per person, $300,000 in bodily injury liability coverage for all persons, and $100,000 in property damage liability coverage.

Property insurance protects the structure of your home (dwelling coverage) and your belongings (personal property coverage). 
Personal liability coverage protects you if you're legally responsible for damage to someone's property, or if you accidentally injure someone whether you're at home or away from it.