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KIA-Hyundai Class Action 2024
In the KIA-Hyundai Class Action 2024, the firm was accused of increasing its theft rate by failing to implement necessary security measures. An engine immobilizer is a vital security feature that was absent from certain KIA and Hyundai vehicles manufactured between 2011 and 2022, which increased the likelihood of theft.
From $80 million to $145 million, the KIA-Hyundai Vehicle Theft Settlement provides a fund to recompense affected owners. KIA, Hyundai Class Action Settlement 2024 Eligibility states that car owners are eligible for a software upgrade to increase vehicle security and compensation for theft-related losses and expenses.
If you wish to get more insights about KIA-Hyundai Class Action 2024, its settlement amount, payment date and other necessary details, then you must consider reading this article.
Understanding KIA-Hyundai Class Action
The car firms’ failure to install engine immobilizers on their vehicles raised the danger of theft, according to the KIA, Hyundai Class Action Settlement 2024. Between 2011 and 2022, a number of KIA and Hyundai vehicles were manufactured without an engine immobilizer, a vital security feature that prevents the car from starting without the proper key.
Because of this shortcoming, there was a significant danger of theft, which was exacerbated by websites like as TikTok that included how-to videos that demonstrated easy ways to circumvent the ignition mechanism. This design vulnerability made these vehicles an easy target for the thieves and criminals.
A class action lawsuit was filed against Hyundai and KIA once it became apparent how severe the issue was. The complaint claims that the companies’ failure to install engine immobilizers on their vehicles raised the risk of theft. A fund of between $80 million and $145 million is available as part of the KIA-Hyundai Vehicle Theft Settlement to compensate affected owners.
KIA-Hyundai Class Action Overview
| Post Name | KIA-Hyundai Class Action 2024 |
| Class Action Accused | KIA and Hyundai Motor companies |
| Settlement Amount | $80 million- $145 million |
| KIA-Hyundai Class Action Payment Date | Expected by July 2025 |
| Claim Filling Deadline | March 2025 |
| Further Discussion | Find Here |
KIA-Hyundai Settlement Dates
The settlement offers impacted auto owners many significant benefits. These benefits are designed to provide compensation for theft-related damages and alleviate concerns related to vehicle security.
A court hearing to review and perhaps accept the settlement in its final form has been scheduled for July 15, 2024. Additionally, qualifying class members will have until January 11, 2025, to submit claims for compensation. The claim processing will begin in February 2025, and settlement benefits will then be distributed by July 2025.
How to Claim?
The following actions should be taken by qualified persons in order to claim the settlement:
- A claim form may be obtained by visiting the official settlement website.
- Enter your personal information in the KIA-Hyundai Class action claim form.
- The specifics of your car like your VIN (Vehicle Identification Number), and all supporting papers need to be provided in the online claim form.
- Be sure to submit your full claim online or by mail by January 11, 2025, at the latest.
- Once your claim has been submitted, you can check its status by calling the claims administrator or visiting the settlement website.
Do not wait if your car is affected. Send in your claim and arrange for your software update to safeguard your vehicle and be paid.
KIA-Hyundai Class Action Amount
Due to the absence of an engine immobilizer, which made the vehicles easier to steer. The owners of the impacted vehicles suffered a variety of financial consequences. The compensation provided by the KIA Hyundai Vehicle Theft Settlement is intended to remedy these issues.
The compensation amount will be divided into various components, which are discussed below:
Compensation for Theft or Attempted Theft:
- In the event that the car is stolen and lost entirely, up to 60% of its Black Book value will be paid back.
- Whichever is higher, $3,375 or thirty-three percent of the price of damage from each theft or attempted theft.
Reimbursements for Additional Expenses:
- Insurance deductibles paid for theft or attempted theft might total up to $375.
- Up to $250 for costs associated with the theft or attempted theft, including towing, transportation, and penalties.
Anti-Theft Device Installation:
Compensation for the acquisition and installation of anti-theft equipment, including steering wheel locks and glass breakage alarms. Those who bought such cars before the software update was made available may receive reimbursements of up to $300 per class automobile.
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