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 these trust funds and settlements.
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. When a mesothelioma cancer affected person goes to court, an agreement can be reached or a jury can decide the amount of compensation, if the defendant is found responsible for the asbestos exposure.
We have made a complete review on what your chances are when seeking for a mesothelioma compensation. If you have been exposed to asbestos products and is suffering from mesothelioma cancer or a relative of yours died from this situation then you should read this article.
Anyone diagnosed with mesothelioma that was exposed to asbestos can file a claim for compensation. An experienced asbestos attorney can help gauge your eligibility and case value.
If a loved one dies from mesothelioma, compensation may be available to closest family members through a wrongful death lawsuit filed on behalf of the estate.
If you or your beloved is not ready to file a lawsuit, there can be different kinds of financial help available. We quit understand that submitting a lawsuit feels overwhelming and stressful. There are different alternatives for compensation, and it is essential to weigh all of your alternatives to determine what is best for your family.
Mesothelioma Compensation Duration
How long it takes to get a Mesothelioma compensation depends on 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.
Deciding whether to file a lawsuit is an important decision when thinking of mesothelioma compensation, especially if you are coping with the stress illness contracted from asbestos exposure. A mesothelioma lawyer can provide the most accurate estimate of how long it might take to get compensation for your case.
Types of Mesothelioma Compensation
There are various types of mesothelioma claim options available. Below, we have listed below some of the available options you can take in your mesothelioma claim.
Asbestos Trust Funds
Many companies that manufactures products with asbestos exposure has declared bankruptcy because of the large number of mesothelioma lawsuits filed against them.
This does not mean these companies have escaped liability. In bankruptcy protection, 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.
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 processed by the court system. Claimants typically receive compensation within a couple months.
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. If a person dies of mesothelioma, their estate may be able to file a wrongful death lawsuit.
Wrongful Death Claims
These lawsuits are usually filed by the estate of a deceased loved one who died of mesothelioma.
Mesothelioma settlement can happen when a defendant offers compensation to a mesothelioma plaintiff to drop the lawsuit. Many mesothelioma lawsuits are settled out of court and never reached a jury trial. A qualified asbestos lawyer will negotiate settlements on your behalf and advise you on whether to take the compensation or pursue a trial.
How to File for Asbestos Compensation
- Find out what compensation you are eligible for by speaking with an experienced mesothelioma lawyer who can help determine what is best for you and your family.
- Work with your attorney to help them discover all about your asbestos exposure history.
- Consider all options for compensation that your attorney presents, which may include trust funds and lawsuits.
- If you decide to file a lawsuit, you may have to consider settlement offers from defendants
- The most important step is finding an attorney with the right mesothelioma lawsuit 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.
No one is expected to remember everything about their daily work experiences, health, life and hazard exposure history. It is simply too much information, and the time between exposure and diagnosis is too long. This is one of the reasons why people file lawsuits instead of workers’ compensation claims. Too much time has passed to even legally file this kind of claim.
That is why the single most important action you can take when considering an asbestos claim is to speak with a qualified mesothelioma attorney. They have resources to trace your exposure history that other attorneys do not have, and those resources can help your case significantly.
Lastly on mesothelioma compensation, you can take advantage of other types of financial assistance. These programs are designed to help anyone with a serious illness. Some of these programs can provide financial assistance in just a few weeks or months as the case may be.