A colleague was at-fault in an auto accident this summer. She hit a Maserati and did more than $30K in damage. Her insurance policy only covers $25K of property damage, so she's on the hook for the rest. Once the rest of the parts arrive from Italy, her share could approach $15K out-of-pocket. I just called and raised my property damage coverage from $50K to $100K. It will cost me an extra $20 per year, a small price to pay for peace of mind, especially with two teen drivers.