The most important disk monitoring task of a database administrator is to make sure the disk doesn't grow full. A filled data disk will not result in data corruption, but it may well prevent useful activity from occurring. If the disk holding the WAL files grows full, database server panic and consequent shutdown may occur.
If you cannot free up additional space on the disk by deleting other things, you can move some of the database files to other file systems by making use of tablespaces. See Section 19.6 for more information about that.
Tip: Some file systems perform badly when they are almost full, so do not wait until the disk is completely full to take action.
If your system supports per-user disk quotas, then the database will naturally be subject to whatever quota is placed on the user the server runs as. Exceeding the quota will have the same bad effects as running out of space entirely.