Answer:
It can cover property damage if you want. Remember that an SR-22 is not the insurance policy but just the filing with the State proving that you have insurance. You can have any coverage that you need and want on the insurance policy just like any other policy. Sometimes the premium must be paid in full or limited in the number of payments so a more expensive policy would make the payments more. Otherwise the insurance companies usually do not charge any more for the SR-22 than for the regular insurance policy. As a matter of full disclosure, I own and operate a small Independent Insurance Company in Central Georgia and have for the past 22 years. Prior to that I worked as an agent for a direct writer of insurance for 3 years.