There are 2 basic types of liability insurance for your cars, and they are bodily injury and property damage. Both these liability insurances free you from any liability that you may have from third parties when you get into an accident. Bodily injury refers to people or individuals who are part of the accident. For example, you accidentally hit someone with your car. The liability insurance then takes care of that person’s hospital bills for you. Same goes for property. If you damaged any property with your car, it is paid for by the insurance and you are freed from the burden of having to deal with it. These are the types of liability insurance available.