Want to file a mesothelioma claim but feeling overwhelmed by the sheer volume of information available on the Internet? You’re not alone.
Proving exposure is difficult, and feeling confused about different compensation methods is completely natural. Here’s a comprehensive breakdown of mesothelioma compensation types and eligibility to ensure clarity:
Types of Compensation
If you or a loved one is suffering from mesothelioma due to asbestos exposure, you can file for compensation. The four types of mesothelioma compensation include:
Trust Funds
Mesothelioma trust funds are established by companies that are facing numerous lawsuits for manufacturing asbestos products or for causing direct exposure. When these businesses are unable to pay asbestos victims, they declare Chapter 11 bankruptcy. Once bankruptcy is filed, a judge orders the creation of a trust fund to compensate present and future victims.
According to reports, more than $30 billion is available in asbestos trust funds. Victims or their families must file a claim with the specific trust fund associated with the relevant company. After providing medical records and proof of asbestos exposure, you can get compensated.
Mesothelioma trust fund cases generally move faster than other compensation types.
Mesothelioma Lawsuits
Filing a mesothelioma lawsuit is another common method for seeking compensation. The detailed legal process involves filing a claim, exchanging evidence, and negotiating with companies.
The two types of mesothelioma lawsuits include:
Personal injury case: This can be filed against a former employer or a manufacturer that used asbestos products.
Wrongful death case: If your loved one has passed away due to mesothelioma or other asbestos-related illnesses, you can file a wrongful death case.
Working with a reliable mesothelioma lawyer is incredibly important. They will trace your entire history to identify the source of exposure, gather expert testimony, and manage all the necessary paperwork.
Asbestos attorneys at ELSM Law have years of experience and an impressive success rate, which increases your chances of receiving fair compensation.
Mesothelioma Settlement
When you file a lawsuit against a former employer or a company, the defendant might offer a certain amount as compensation. This is known as a mesothelioma settlement.
Many defendants take the settlement because it’s less costly than extending the lawsuit. It also ensures instant financial relief.
Mesothelioma Verdict
If the defendant refuses to offer compensation, the lawsuit will go to trial. During a trial, a judge or jury hears arguments from both sides and assesses the evidence. Such cases typically take longer.
Average Mesothelioma Compensation: Statistics
Compensation from mesothelioma settlements generally ranges between $1 million and $2 million. Trial verdicts typically pay higher, with an average of $20.7 million in 2024.
The payout depends on:
- The severity of your medical condition
- Diagnosis period
- Lost income
- Pain and suffering
Who is Eligible for Mesothelioma Compensation?
You have the right to make a claim if you or a loved one has mesothelioma as a result of asbestos exposure. Eligible family members include children, spouses, and siblings. Work with a qualified attorney to ensure eligibility.
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