Public Employees Mutual Insurance Company (PEMCO) was established in
1949 as a Seattle-based provider for auto, home, boat, life and
umbrella insurance to Washington state residents. PEMCO Insurance is
sold by community agents throughout the state through PEMCO
offices.
Wiki Says
In 1936, Seattle schoolteacher Robert J. Handy took advantage of the
newly legalized “credit union” concept and founded the Seattle Teachers
Credit Union (now School Employees Credit Union of Washington). Handy
is reputed to have started the credit union with only $5 in capital.
Out of that enterprise grew a group of seven different but related
companies, the largest of which is now PEMCO Insurance. PEMCO has grown
from premiums of $8,500 in 1949 to $322 million in 2006.
PEMCO’s stated niche market is “preferred risk”– policyholders who are
least likely to have traffic tickets or car accidents and who take
proactive steps to protect their property with safeguards like car
alarms, smoke detectors and deadbolt locks.
PEMCO Car Insurance Says
PEMCO offers a wide selection of auto insurance coverages:
Bodily injury liability, pay for bodily injury to another person and court defense costs
Property damage liability, pays for damage to someone else's property and court defense costs
Uninsured/underinsured motorists bodily injury
Uninsured/underinsured motorists property damage
Personal injury protection (PIP) covers medical
expenses, income loss and benefits for extra expenses in case of
accidental injury or death.
Collision
Comprehensive, for vehicle damage other than collision like fire, theft, vandalism and glass breakage.
Towing and labor
Rental Reimbursement, pays for a rental car when the insured vehicle is being repaired after an accident
Auto accidental death pays the insured's spouse,
family member or estate the limit of coverage purchased if the insured
is fatally injured in an automobile accident
Auto loan endorsement, in case the unpaid balance of a loan exceeds the value of the vehicle at the time of loss
Contact PEMCO at:
PEMCO Insurance Company
325 Eastlake Ave. East
Seattle, WA 98109-5466
Telephone: (800) 467-3626
Sources: PEMCO press
release, May 19, 2009; "PEMCO", Wikipedia, February 13, 2009; "Auto
Coverages", PEMCO web site, 2009
