It say's I have $50,000 personal liability coverage for my renters insurance. What does that mean?

If someone sues you for bodily injury or property damage, your insurance company will hire a lawyer, and pay any judgement up to $50,000.

Examples of covered claims (on a standard policy) would be your dog biting someone, someone tripping over your unsecured area rug and falling and breaking a leg, you hitting someone with a golf cart accidentally, on the golf course.