You had several of your son's friends over last night for a sleepover- While dropping off their child, one of the parents did not see your basketball hoop and smashed it beyond repair with her car- Where would you look for damage payment?

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.