Did You Know? —Auto Accident with Police Called

With the weather changing, comes road conditions that are unpredictable. You might find yourself in a situation where you hit a vehicle or someone hits you. When that happens you need to know what to do next. Start by reporting your claim to your insurance carrier (number on the back of your card) or by …

January 28, 2016

Quarterly Referral Donation for Tipton

Penwell Insurance was able to donate $90 to My Closet because of all of your last quarter referrals for the Tipton office! For every Tipton referral we quoted we were able to donate $10 to My Closet. Gene Schultz was able to accept the check donation from Heather Penwell for last quarter’s referrals. Thank you …

January 22, 2016

Difference Between Stated Amount and Agreed Value

Do you think that your classic vehicle is insured for its classic value?  Many think that Stated Amount means it is insured for the amount shown on the policy but that is not the case.  If you want to insure a vehicle for the appraised value or a specific amount, it must be insured with Agreed Value.   …

January 20, 2016

Door to Door Contractors

With all the storms lately, it is a good time to remind you that we recommend NEVER SIGNING A CONTRACTOR AGREEMENT STATING YOU WILL USE THEM IF A CLAIM IS FILED especially if they are going door to door.  It is best to choose a contractor that has been referred to you by a friend …

July 13, 2015

Employment Practices Liability (ELPI) Definition

ELPI is a type of liability insurance covering wrongful acts arising from the employment process.  Most frequent claims that are covered under this policy are wrongful termination, discrimination, sexual harassment and retaliation.

Errors and Omissions Definition

Errors and Omissions (E&O) Insurance protects the insured against liability for inadequate work or negligent actions or any error or omission while performing their professional duties.  Most often such policyies cover financial losses rather than liability for bodily injury (BI) or property damage (PD).  E & O insurance often covers both court costs and any settlements …

Refer a Friend

Time is running out for you to get a $10 gas card and a chance to win a tablet! If you refer a friend and we are able to provide a quote, you will receive a $10 gas card. Receive a gas card and an entry to win a tablet for every referral! Contact us …

May 8, 2015

From Luttrell Insurance to Penwell Insurance in Tipton Indiana

One year ago in Tipton, Indiana on March 1, 2014 we began our journey transitioning Luttrell Insurance Inc. to Penwell Insurance LLC.  Today the name change is official!  It seems even more real.  We love the people here and hope to meet many more from Tipton, Kokomo and surrounding areas.  Thanks to all of you …

Indiana Bureau of Motor Vehicles NEW Requirements for Mopeds

Different from previous years, the Indiana Bureau of Motor Vehicles (BMV) is now requiring registration for Motor Driven Cycles (MDC).  Certain MDC require proof of insurance as well.  If you own something such as a moped or motorized bicycle, this is very important news to you.  Never before has registration been required for these types of vehicles.  …