Mesothelioma settlements, trust funds and jury verdicts can provide compensation. Patients and their loved ones with mesothelioma may be eligible to receive compensation to cover treatment costs. The payout amount can be over $1 million depending on the type and extent of the claim.
Average Mesothelioma Compensation Amounts
The type of compensation sought and other factors can affect the average mesothelioma payment. Mealey’s Asbestos Litigation reports annually on the average mesothelioma payouts, which include:
- The average verdict for mesothelioma cases is $2.4 million.
- The average mesothelioma settlement payout ranges from $1 to $1.4 million.
- The payouts from trust fund funds can vary widely. Trusts that pay $125,000 or more may be high-paying. Individuals can seek compensation from multiple trusts.
Patients with mesothelioma should talk to an experienced lawyer about their options. The amount of compensation that is awarded may be affected by many factors. Some people may prefer to avoid trial, even though lawsuits are more likely to pay higher average payments.
Factors that Affect Mesothelioma Payments
There are many factors that affect the amount of mesothelioma compensation.
- Type of Asbestos Claim Filled
- The location or place where you file your mesothelioma case
- Your occupational history, including military service.
- Exposure history of asbestos ( Type of Asbestos, Location and Amount of Exposure)
The mesothelioma lawyer can help you decide which option is right for your case.
Different types of Mesothelioma Insurance
There are many types of compensation available for mesothelioma. An attorney who specializes in mesothelioma can help you determine what compensation options are available to you.
Asbestos Trust Funds
To provide compensation for future and current claims, asbestos trust funds are set up by bankrupt asbestos companies. An individual may have the right to file an asbestos trust funds claim if they are exposed by a company to asbestos and then develop an asbestos-related illness.
Mesothelioma Settlements are legally binding agreements between an asbestos defendant and plaintiff. You can offer a settlement before, during, or after a mesothelioma case goes to trial. Many times, settlements are offered by companies before the case goes to trial.
A settlement can be accepted by the patient or a family member. A mesothelioma lawyer can help you navigate the process.
Mesothelioma Lawsuit Verdicts
A jury decides the Mesothelioma lawsuit verdicts at the conclusion of trial proceedings. A jury will decide whether a defendant is liable for asbestos-related exposure. The amount will depend on many factors such as the expenses incurred due to mesothelioma treatment. Punitive damages may also be included in the trial verdict.
An experienced attorney can help you assess the strength of your case, and determine the likelihood of a favorable verdict or award.
Other types of Mesothelioma Compensation
Other types of compensation may be available for patients or their loved ones, such as:
- Workers’ Compensation claims: Individuals who are exposed to asbestos while at work might be eligible for workers’ comp. Construction, shipbuilding and manufacturing are some of the most common industries that use asbestos.
- Veterans claims : Military personnel can be exposed to asbestos. Veterans who have been exposed to asbestos or develop an asbestos-related illness can file a claim with US Department of Veterans Affairs (VA).
Other institutions may be able or willing to provide financial assistance. For mesothelioma patients who are eligible, there may be financial assistance available in the form of private health insurance, Medicare, Medicaid, disability insurance and social security disability.
Who is eligible for Mesothelioma compensation?
Individuals with mesothelioma might be eligible to receive compensation. Family members who are still living may also be eligible for compensation.
The eligibility requirements for each claim type vary slightly. There are however, several general eligibility requirements for mesothelioma damages, such as:
- Documentation and medical records of mesothelioma or other asbestos diseases.
- Evidence of asbestos exposure
- Respect the statutes of limitations applicable to your claim type
To determine your eligibility, it is important to speak with experienced mesothelioma lawyers.
How to file for Mesothelioma compensation
The process for filing a claim will differ depending on the type of compensation you pursue. The general process of filing any mesothelioma claim for compensation is the same.
- Connect with a Mesothelioma Lawyer
A lawyer is the first step in any mesothelioma case. Mesothelioma lawyers are familiar with these types claims and can help get you the highest award.
- Details for your Claim
Your lawyer will investigate your claim details, including how and when you were exposed. To prove the facts, it is important that you provide your attorney any documentation related to employment or medical issues. To assist with this stage, lawyers have access to past cases, product records, and exposure reports.
- Choose Your Options
Your lawyer will help you decide which type of claim you should file.
After your case has been prepared, your lawyer will file your claim for you. The next steps depend on the type of claim you have. Settlement offers, for example, may be made after the filing of a lawsuit or during hearings.
- Negotiate your Award
Once your claim has been filed, a settlement award will be determined.
When determining the award amount, expenses are taken into account
- Diagnostic costs, treatment and any other medical expenses that are not covered by your insurance
- Travel expenses associated with mesothelioma and cancer centers
- Income loss when you, or a loved one, are unable to work due to mesothelioma.
- Inability to support dependents within your household
- In the event of wrongful death, funeral expenses and loss potential income