Mesothelioma Compensation

 

Mesothelioma Compensation

Mesothelioma compensation helps cover travel costs, treatment expenses and lost wages. It also provides financial security for families when a loved one can no longer work. If you or your loved one is not filing a legal claim, there may be other types of financial assistance available .

Mesothelioma compensation averages from $1 million to $2.4 million. Financial compensation for mesothelioma may come from asbestos trust funds, settlements or jury verdicts. It typically takes less than one year to receive mesothelioma compensation from trust funds and settlements. It may take years to receive compensation from trial verdicts.

How Much Compensation Can You Get for Mesothelioma?

Mesothelioma compensation differs for each type of claim. According to a 2016 Mealey’s Litigation Report, the average mesothelioma trial payout is about $2.4 million. The average settlement ranges from $1 million to $1.4 million. If a mesothelioma claim goes to trial, a settlement could be reached or a jury could determine the amount of compensation, if the defendant is found guilty of the asbestos exposure.

If a loved one dies from mesothelioma, compensation may be available to family members, spouses or dependents through a wrongful death lawsuit filed on behalf of the estate.

Mesothelioma compensation helps cover travel costs, treatment expenses and lost wages. It also provides financial security for families when a loved one can no longer work.

If you or your loved one is not filing a legal claim, there may be other types of financial assistance available. We understand that filing a lawsuit feels overwhelming and stressful. There are other options for compensation, and it’s important to weigh all your options to decide what is best for your family.

How Long Will It Take to Get Compensation?

How long it takes to get compensation depends upon the type of claim you file. A verdict from a jury trial could take years, but defendants may offer to settle quickly, possibly within several months. Money from asbestos trusts can come within a few months.

Deciding whether to file a lawsuit is an important decision in any situation, especially if you are coping with the stress of a terminal illness. A mesothelioma lawyer can provide the most accurate estimate of how long it might take to receive compensation for your unique case.

Types of Mesothelioma Compensation

Sources of mesothelioma compensation include asbestos trust funds and verdicts or settlements obtained through lawsuits.

Legal claims for asbestos trust funds outnumber claims for mesothelioma lawsuits because many asbestos companies have gone bankrupt. This does not mean those companies have escaped liability.

In bankruptcy proceedings, asbestos manufacturers are ordered to set up funds with enough money to compensate future asbestos victims. Most trust funds contain hundreds of millions of dollars, and some even contain billions.

A mesothelioma lawyer may recommend that you file both a trust fund claim and a lawsuit depending on which asbestos products you were exposed to.

Asbestos Trust Funds

If you develop mesothelioma as a result of exposure to an asbestos product made by a company that went bankrupt, your legal claim is processed through the bankrupt company’s trust fund rather than the court system.

Trust fund claims are processed quicker than mesothelioma lawsuits because they don’t have to be handled by the court system. Claimants typically receive compensation within a couple of months.

Who Is Eligible for Compensation from Asbestos Exposure?

Anyone diagnosed with mesothelioma who was exposed to asbestos can file a claim for compensation. An experienced asbestos attorney can help gauge your eligibility and case value.

You may also be eligible if you lost a loved one to mesothelioma. Close family members such as spouses and children who lost their loved one to mesothelioma may qualify for compensation through a wrongful death claim.

Proving the mesothelioma diagnosis and evidence of asbestos exposure is vital, whether filing a claim as a patient or a loved one.

How to File for Compensation for Mesothelioma

The most important step is finding an attorney with the right experience. You want to select an attorney who exclusively handles mesothelioma lawsuits. They will have the experience necessary to handle your case and maximize your compensation.

The right mesothelioma attorney will help you understand your options and won’t promise a certain amount of compensation.

Get an Attorney: Find out what compensation you’re eligible for by speaking with an experienced mesothelioma lawyer who can help determine what’s best for you and your family.

Discovery Period: Work with your attorney to help them discover all about your asbestos exposure history. This will focus on the places you’ve worked and which products you were exposed to.

Weigh Your Options: Consider all options for compensation that your attorney presents, which may include trust funds and lawsuits.

Accept or Reject Settlement Offers: If you decide to file a lawsuit, you may have to consider settlement offers from defendants. Your attorney will counsel you on whether to settle or move forward with a jury trial.

Mesothelioma Lawsuits

A mesothelioma personal injury lawsuit is the best type of claim to file if your family needs compensation to pay for medical bills and other expenses. A mesothelioma attorney can walk you through the process and handle every legal detail while you focus on treatment and recovery.

Another option is filing a wrongful death claim when a person dies of mesothelioma. Surviving family members often represent the estate when filing this type of claim.

THERE ARE TWO TYPES OF MESOTHELIOMA LAWSUITS:

Personal Injury Claims: These lawsuits are filed by people diagnosed with mesothelioma seeking compensation to cover medical bills, lost wages and other financial matters.

Wrongful Death Claims: These lawsuits are usually filed by the estate of a deceased loved one who died of mesothelioma.