I just got mine in the mail too, I’m going to read it over as soon as I get home.
<edit #1>
Its kind of late, but I managed to skim over it and a few things that I noticed right away. The most important thing is that this settlement has not been approved yet. According to page 8, section 19, the court will hold a fairness hearing at 11:00 AM on 11/19/2018 to either approve or deny the settlement. (More on this later.)
Additionally, this settlement seems like a contradiction. On page 2 it states,'Volkswagen has denied the claims and maintains the timing chains and timing chain tensioners function in a proper manner.'
So, they are NOT admitting to any problems with the parts in question, however they are offering partial reimbursement for out of pocket costs to damaged engines and an extended warranty for folks that haven't had the part fail and destroy the engine. Since the court has not approved this settlement, this is still time to change this as an extended warranty is unacceptable if you ask me. Either way, if you read page 7, there is a way of objecting the settlement altogether and I'm leaning on doing so. It's a stretch, but perhaps with more voices, we can get VW to admit fault, fully reimburse folks that paid out of pocket, and at risk tensioners fixed. (Thoughts on this?)
(I need sleep, but I'll try and read through this document more thoroughly tomorrow. I'm also going to find time to call the attorneys assigned to this case as well.)
<edit #2>
So I just called the claim's line and straight up said: My tensioner has yet to fail @ 78k miles. Followed by the question: Under this new extended warranty, can I bring my GTI into a dealership, have them inspect it, and replace the tensioner because it's potentially faulty? The answer given: It wasn't a direct yes, but because the warranty covers the tensioner in question, the claims representative said that VW 'should' honor the warranty and replace it if they find that it's faulty. Moreover, she advised that I call the dealership to confirm as this is a grey area in the settlement agreement.
My next step is to obviously call a dealer, which I will do either today or tomorrow if I have enough time.