KIA, Hyundai no longer covered by some insurance companies due to TikTok theft trend

  • 📰 ksatnews
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

A TikTok trend teaching people how to steal KIA and Hyundai cars has not only increased the rate of thefts of those vehicles but has also caught the eye of car insurance companies, some of which no longer will provide coverage for those vehicles.

“If you already have a vehicle, the insurance company wasn’t dropping you. But if you were going to be one of their new customers and had one of those vehicles, they weren’t going to cover it because of the ease of stealing it,” said Rich Johnson with the Insurance Council of Texas.“I’ve been in the insurance industry for the better part of a decade. I can’t recall any time where companies were refusing to insure what we would call an ‘average consumer vehicle,’” Johnson said.

“There are communal factors that you look at. Are cars being stolen in your area? Are there a lot of thefts in your area or state or county?” Johnson said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 442. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines