How much compensation can you get for mesothelioma?
Mesothelioma compensation is different for each type of claim. The median mesothelioma trial pays about ৪ 2.4 million, according to the 201 M Mile litigation report. The average settlement is 1 million to 4 1.4 million. If a mesothelioma claim goes to trial, a settlement can be reached, or a jury can determine the amount of compensation if the defendant is found guilty of asbestos exposure.
If a loved one dies from mesothelioma, compensation can be obtained through a wrongful death lawsuit filed on behalf of the estate by family members, spouses, or dependents.
Other financial assistance may be available if you or your loved one has not filed a lawsuit. We understand that filing lawsuit feels overwhelming and stressful. There are other options for compensation, and it is 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 on the type of your claim:
The jury's verdict may take several years, but the defendants may offer a speedy settlement within several months.
Money from the Asbestos Trust could come in a few months.
Deciding whether to file a lawsuit is important in any situation, especially if you are struggling with the stress of a terminal illness. A mesothelioma lawyer can give you the most accurate estimate of how long it will take to get compensation for your unique case.
Types of mesothelioma compensation
Asbestos Trust Fund
Many asbestos manufacturers have declared bankruptcy due to a large number of mesothelioma cases.
This does not mean that these companies have escaped liability. Asbestos manufacturers have been ordered to set up funds with adequate funds to compensate future asbestos victims in bankruptcy protection. Most trust funds have millions of dollars, and some have billions.
If you develop mesothelioma from exposure to asbestos products made by a company that has gone bankrupt, your legal claim will be processed through the bankruptcy company's trust fund rather than the court system.
Trust fund claims are processed faster than mesothelioma cases because they do not have to be processed in a court system. Claimants usually receive compensation within a few months.
Learn about asbestos trust funds
Mesothelioma lawyer
Mesothelioma is the best way to file a personal injury lawsuit if your family needs compensation for medical bills and other expenses. If a person dies from mesothelioma, their estate may be able to sue for wrongful death.
There are two types of mesothelioma law:
Personal Injury Claims: People who have identified mesothelioma have filed lawsuits seeking compensation for medical bills, lost wages, and other financial matters.
Unnecessary death claims: These lawsuits are usually filed by the estate of a deceased loved one who died of mesothelioma.
If the defendants do not settle and your case goes to trial, a jury will rule without holding them accountable or liable. If the defendant is found liable, the judgment will include financial compensation. Each mesothelioma case is unique, and there is no set guideline for compensation.
If you win, the amount you owe depends on the veracity of your case and other factors, such as medical expenses and lost income.
According to the 2020 KCIC Industry Report, more than 4,000 mesothelioma cases were filed in the United States in 2019 overcompensation.
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