AMC Lawsuit Settlement 2024: Between 2011 and 2022, certain KIA and Hyundai models did not include an engine immobilizer, which is a crucial safety feature. This feature prevents the vehicle from starting without the correct key. Due to this deficiency, the theft rate of these vehicles increased drastically. Videos were shared on platforms like TikTok, showing how the ignition systems of these vehicles could be easily bypassed.
Given this serious problem, a class action lawsuit was filed against Hyundai and KIA. The lawsuit claimed that these companies did not include an engine immobilizer in their vehicles, increasing the risk of theft.
AMC Lawsuit Settlement 2024 ~ Eligibility Criteria
KIA Hyundai vehicle theft settlement class members must have bought or leased one of the named models in the USA, Puerto Rico, US Virgin Islands and Guam. Affected models include:
- KIA Forte (2011-2021)
- KIA K5 (2021-2022)
- KIA Optima (2011-2020)
- KIA Rio (2012-2021)
- KIA Sedona (2011-2021)
- KIA Seltos (2021-2022)
- KIA Sorento (2011-2022)
- KIA Soul (2020-2022)
- KIA Sportage (2011-2022)
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KIA, Hyundai Vehicle Theft Settlement Claim Submission Process
According to the KIA-Hyundai Vehicle Theft Settlement, a fund has been created ranging between $80 million and $145 million has been put into creating a fund. This will ensure vehicle owners who incurred fees, losses and other expenses due to the theft regain their losses and also receive an upgrading of vehicles’ software, to improve security of the vehicle.
Claim Process
Follow the following steps to submit a claim:
- Check Vehicle Eligibility – At this internet site, type your vehicle identification number (VIN) or/and vehicle make to see if it qualifies as a Class A vehicle.
- Collect the Required Documents:
An ensured or lease title to the property as evidenced by an appropriate legal real estate instrument, such as an title deed or lease agreement.
Any supporting evidence in cases where there was any theft or attempted theft.
Insurance deductible amounts or bills for replacement of stolen items which are considered by the organization as expenses for the theft attempts.
- Complete the Claim Form – You can download a copy from the website or contact the claims administrator to request to be mailed a copy. Complete all admit requirements and ensure that you fill the form properly and provide all particulars needed as well as all the documents needed.
- Send in the Claim Form – Complete the form on the website provided or do it manually and then post it to the address shown.
KIA Hyundai Vehicle Theft Settlement Timeline
| Incident | Date | Description |
|---|---|---|
| Lawsuit filed | 2022 | Class action lawsuit on lack of engine immobilizer and increased theft risk |
| Preliminary settlement agreement | Mid 2023 | Both parties reach preliminary agreement on settlement terms |
| Preliminary court approval | Late 2023 | Court grants preliminary approval, beginning to notify class members |
| Exclusion/objection deadline | May 3, 2024 | Last date for class members to opt out or object to settlement terms |
| Final approval hearing | July 15, 2024 | Court hearing for final approval of settlement |
| Claim submission deadline | January 11, 2025 | Last date for eligible class members to submit compensation claims |
| Claim processing and distribution | After January 2025 | Start of claim processing and distribution of settlement benefits |
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Compensation Details
KIA Hyundai vehicle theft settlement compensation given back includes the loss of money incurred by people owning or leasing a car, because of a missing engine immobilizer. This made the vehicles easy to steal. Here is a description of the types of compensation available:
Compensation for theft or attempted theft
– In the event the vehicle is stolen and not recovered the provider will refund up to 60% of the black book value.
A compensation amount of 33% of the loss arising out of each of the theft or attempted theft incident or three thousand three hundred seventy five US dollars whichever is higher shall be made. This will also various aspects of theft or destruction of worldly possessions.
Compensation on emergent expenses
Lump sum payment of up to $375 where insurance plan for theft or attempted theft was paid for through the deductible amount.
They pay for additional charges occasioned by raising insurance premiums especially when a theft claim has been made.
Accommodation – Up to $250 for expenses for transportation, towing and penalties due to theft.
Upto $250 is provided for the lost wages or child care due to the theft or to get a software upgrade.
Software Update and Key Fobs
- no cost update for models and features aimed at boosting antitheft capabilities of the cars.
Reimbursement of OEM-issued key fobs for use in software updates to up to $350 per key fob, up to two key fobs per vehicle.
Don’t Borrow Feature #3: Anti Theft Device Installation
Holders of the card are compensated for the cost of acquiring and fixing a steering wheel lock, glass breakage alarm or any other similar device. A maximum of $300 of reimbursement if the said devices were bought prior the software’s release.