Personal Liability: For claims due to Bodily Injury or Property Damage that you become    Liable for and which is covered under the policy.

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

Yet, I grew up riding my bike without a helmet, and none of my friends died or had a bike-related head injury.

This more a curiosity question for me, but I am sure others will find the thread helpful.There are a fair amount of injuries on BP about sub 50k financing.

I have been recovering from a back injury for over a year now.

I'm a Recon Marine and have attained a lot of lifelong injuries (and cool pictures) over my career.

It covers the fact that the property is sitting there vacant and that during rehab things might go missing (tool & materials thefts) or damages / injuries could occur (like a fire).

There are too many ways for things to go wrong , including poor workmanship, injury claims from an unisured worker to exactly what is going on with your situation.

Personal Injury suit. 

At your peril.noun exposure to injury, loss, or destruction; grave risk; jeopardy; danger: They faced the peril of bad renters.