Mesothelioma compensation: all you need to know about it.
Most people who have been diagnosed with mesothelioma are able to receive financial help. This can be either through benefits or compensation.
This compensation helps people with mesothelioma cover the costs related to their disease, pain and suffering, and their end of life and funeral care costs.
Compensation for mesothelioma can alleviate some of the burden on spouses, children, and family members, helping protect their estate and ensuring they can continue to make ends meet after the death of a loved one.
Mesothelioma compensation differs for each type of claim. 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 for the asbestos exposure.
Filing a lawsuit can be stressful and overwhelming when facing mesothelioma, but don't worry if you or your loved one is not filing a legal claim, there are other type of financial assistance available.
Types of compensation.
Asbestos trust funds.
Companies working with asbestos, even if in bankruptcy, have to set up funds with enough money to compensate present and future asbestos victims.
If the company that exposed you to asbestos went bankrupt, your legal claim is processed through the bankrupt company's trust fund rather than the court system.
Trust fund claims are processed typically within a couple of months.
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.
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.
If the defendant is found liable, the trial verdict will include monetary compensation. If you win, the amount owed to you depends on the facts of your case and other factors such as medical costs and lost income.
Settlements
A settlement happens when a defendant offers compensation to a mesothelioma plaintiff to drop the lawsuit.
Who can apply for Mesothelioma compensation?
Patients diagnosed with mesothelioma or another asbestos-related disease may be able to apply for legal compensation. This includes mesothelioma victims who were exposed to asbestos directly, as well as indirectly such as people who were exposed to asbestos fibers carried home on the clothes of a family member may be entitled to legal compensation.
Family members can also apply for legal compensation when a loved one passes away due to mesothelioma or asbestos-related diseases.