A settlement of a class action suit against Hyundai and Kia has led to car owners receiving large checks. It would make you wonder if you own a car from these brands you can be offered up to $3000 as compensation. Below, you will learn everything you need to know on this particular settlement and how you can get your slice of the pie.
TikTok trends and lawsuits: How these cars became a thief’s target
Between the years 2011 and 2022, several Hyundai and Kia car models lacked an engine immobilizer and a security device. This left these vehicles open to theft, and as would be expected, the thieves took advantage of this weakness. TikTok and other social media applications made the problem worse by sharing tutorial videos, for which it is simple to tamper with an ignition system. This led to cases of theft, and endless stories of car owners losing their hard-earned savings to hoodlums.
Alleging that Hyundai and Kia have exhibited negligence by failing to install immobilizers – a measure that greatly raised auto theft risks – the class action lawsuit proceeded. For this reason, the companies agreed to pay the car owners the compensation money and made provisions for the various losses incurred.
Learn whether you are a victim of this company and what they owe you.
The models for which owners or lessees of Hyundai or Kia cars may apply for the settlement are Hyundai or Kia models purchased in the U.S., Puerto Rico, Guam, or the U.S. Virgin Islands. The list includes Kia Forte, Kia Optima and Kia Rio manufactured between 2011 and 2021, and a few others. If you don’t know your VIN, you can learn it on the official website and then check whether you and your car are suitable for this program.
To file a claim one has to ensure that the vehicle that has been stolen is covered, gathering proof of ownership or lease, as well as theft occurrences or costs. After confirmation, your paperwork is filed either online or by post. Approved car owners may be reimbursed up to $3000 for loss due to theft of their car together with other benefits such as software updates to improve security on the car.
Unlock compensation benefits: From theft coverage to anti-theft changes.
The settlement provides for each of the above listed financial consequences in amounts and lost amounts, to 60 % of the car’s value in case, the car was stolen and was not found, etc. Owners may receive compensation for theft damage incidents up to $3,375 for lost or destroyed personal belongings. Other costs include insurance deductibles, higher premiums tow charges, and loss of earnings.
Hyundai and Kia are also giving out free security updates which include software optimization and refunds for original equipment manufacturer keyless entry devices. Owners may also be eligible for up to $300 for anti-theft devices such as steering wheel locks, or alarms to prevent glass break-ins. The above measures have been deemed relevant to minimize theft threats on as many vehicles as possible.
Act before it’s too late: Main due dates and issues of security
The class owners of Hyundai and Kia vehicles have to file their claims before January 11, 2025. However, appeals or procedural delays could defer payments or lead to contented delays. Due to more than 391,500 cars in Texas still needing crucial repairstheautomaker’sss pledge fixes.
This settlement is about something more than mere money – this is a positive signal to enhance the security of cars. This is your time to sue and improve the safety of your Hyundai or Kia vehicle model if you are among those affected.
