Knock sensor should be covered under one of 3 different warranties
1) The original 60mo/60k miles warranty
2) It may be covered under California's 7yr/70k mile emissions warranty, y our state may vary.
2) If you have had the software update done by Hyundai, I believe Hyundai will cover the knock sensor against defects. Check with corporate customer care, not your local dealership.
3) the PZEV engines (I know my 2017 2.4L is PZEV, not sure about other years) have 15yr/150,000 mile warranty on emissions-related parts.
PZEV emission warranty
More on PZEV warranty
Note the Bold typeface from a partial copy of the 2nd link above:
Model Year 2010 PZEV Warranty
The PZEV warranty is the Partial Zero Emissions Vehicle warranty. What this warranty does is provides warranty coverage for 15 years or 150,000 miles, from the original in service date of the Volvo, for all of the emissions components. This warranty has been in effect since 2003 for certain states. In order for the car to qualify for the PZEV Warranty, it needs to have the specific engine code that was certified as a partial zero emissions vehicle in a certified PZEV state. These qualifying states and engine codes vary from year to year. If you purchase a PZEV Volvo and then move to a state that is not a certified PZEV state, you will no longer have the PZEV Warranty coverage.
Please see below for the engines, states, and covered components for Model Year 2010:
Engine VIN codes 39 & 96 are eligible if sold and registered in California, Massachusetts, Maine, Vermont, Connecticut, Rhode Island, New Jersey, and New York
Covered Emissions Components:
- Fuel and Ignition System:
- Engine Control Module Hardware, Engine Control Module Software, Fuel Pump including Pressure Regulator, Fuel Pump Electronic Module (PEM), Fuel Filter, Fuel Injectors, Fuel Rail Pressure and Temperature Sensor, Intake Air Temperature Sensor, Ambient Temperature Sensor, Manifold Absolute Pressure Sensor, Mass Air Flow Sensor, Electronic Throttle Module, Oxygen Sensor, Brake Control Module (manual transmission models only), Spark Plugs, Knock Sensor, Crankshaft Position Sensor, Camshaft Position Sensor, Central Electronic Module, Intake Manifold, Throttle Position Sensor, Idle Speed Control Valve, Engine Coolant Temp Sensor, Ignition Coil/Power Stage, CVVT Timing Unit, CVVT Solenoid Valve, Crankcase Pressure Control Valve