If individuals qualify to get a portion of the total payout of the Kia Hyundai settlement, then they must file a claim form by the deadline of 11 January 2025. This settlement will provide a common fund of $80 million and up to $145 million for all class members.
Kia Hyundai Class Action Lawsuit Settlement
The Kia Hyundai Class Action Lawsuit Settlement is about the defects of engine and vehicle thefts. Kia and Hyundai have agreed to pay a common fund of $80 million and up to $145 million for all class members to resolve this settlement.
This issue gained attention due to a viral TikTok video that describes how easily cars can be stolen. This settlement will provide a payout to those who suffered from losses and provisions for reimbursement of theft-related damages. Individuals need to submit a claim form by the deadline of 11 January on the official settlement website to get a payout of this settlement.
Kia Hyundai Class Action Lawsuit Settlement Payout Amount
The total payout of Kia Hyundai Class Action Lawsuit Settlement for a common fund of $80 million and up to $145 million for all class members. This settlement will provide different types of benefits to affected individuals who have bought or leased eligible models of Kia and Hyundai.
Common Fund Benefits Available for All Class Members
- Total Loss Reimbursement: If an individual’s vehicle was completely lost because of a qualifying theft or theft attempt, then they are eligible to receive 60% of the Black Book value of your vehicle.
- Damage Reimbursement: If an individual’s vehicle or personal property is damaged due to a qualifying theft or theft attempt, then they qualify for $3,375 or 33% of the Black Book value of your vehicle.
- Insurance Deductible and Premium Increase: Individuals can file a claim for $375 for insurance deductibles paid and/or increased insurance premiums.
- Out-of-Pocket Expenses: Eligible individuals can receive up to $250 for out-of-pocket expenses that are related to qualifying theft or theft attempt
- Lost Income and Childcare Costs: If you have lost your income and childcare costs due to a software update of an eligible class vehicle, then you will receive $250.
Reimbursement Available for Class Vehicles Eligible for the Software Upgrade
- Key Fob Purchase: Individuals can get up to $350 back for each key fob, for up to a maximum of 2 per vehicle, if they have bought a key fob for a software update.
- Steering Wheel Lock Purchase: 30 days before the software update was available if individuals have purchased Qualifying Purchase of a Steering Wheel Lock, then they are eligible for reimbursement of up to $50.
Reimbursement Available for Class Vehicles NOT Eligible for the Software Upgrade
- Anti-Theft Devices: If individuals purchased a Steering Wheel Lock and/or a Glass Breakage Alarm or Similar Anti-Theft System or Another Aftermarket Modification Designed to Deter or Prevent Theft for a qualifying vehicle, then they qualify for reimbursement of up to $300.
Kia Hyundai Class Action Lawsuit Settlement Eligibility Criteria
The eligibility criteria that must be met by interested individuals to participate in the Kia Hyundai Class Action Lawsuit Settlement are discussed here:
- Only Kia and Hyundai vehicles produced between 2011 and 2021 that were manufactured without an engine immobiliser qualify.
- TVehicle owners whobought or leased one of the affected vehicles within the United States are eligible to take part in this settlement class.
- Individuals must provide ownership proof of the affected vehicle with claim forms . Youalso need to provide proof that your vehicle was stolen or that you incurred theft-related damages.
- Individuals who file valid claim forms by the given deadline of 11 January 2025 will be eligible to receive a payout of this settlement.
- The qualifying vehicle list is available at https://www.hyundaitheftsettlement.com/home.
Kia Hyundai Class Action Lawsuit Settlement Payout Date
The payout date of the Kia Hyundai Class Action Lawsuit Settlement is expected to start after the claim filing deadline. The actual payout timeline is dependent on the review and process of claim forms and appeal resolution. The calculation of settlement funds for each approved claim can also contribute to the payout timeline.
Individuals can expect their payout of this settlement in late 2025 because there are several legal proceedings such as the verification phase, calculation phase, and additional requirement phase which can delay your payout. It’s advised to stay connected with the official website to get updates regarding this settlement payout date.
How to file Kia Hyundai Class Action Lawsuit Settlement Claim Form?
Several significant steps will be used to file a claim form for Kia Hyundai Class Action Lawsuit Settlement and these are listed below.
- Individuals have to go to this page https://www.hyundaitheftsettlement.com/submit-claim and here you can check your vehicle by providing a VIN.
- You may find the Instructions to File Claim Form link on this page to check before proceeding.
- After that, you have to access the claim form by providing your Claim ID and Confirmation Code which you have received through email.
- You can download it if you want to mail it otherwise follow the same process.
- At this point, enter all your requested Information with your eligible vehicle details such as Vehicle Identification Number (VIN), model, year, theft incident, repair costs, and any other related expenses.
- Then attach requisite documents such as theft proof, ownership proof, etc.
- Choose the payment method by which you want to receive the payout of this settlement and then double-check all entries because any mistake leads your claim to delay or rejection.
- Submit your form electrically or mail it to Hyundai Theft Settlement P.O. Box 6609 East Brunswick, NJ 08816.
- A settlement administrator will review and verify your claim form and then provide you with a settlement fund if your claim is approved.
