Mesothelioma Compensation: How Much Could I Get
Mesothelioma compensation can relieve financial stress and secure your family’s financial future.
While the exact amount varies depending on several factors, the average compensation for mesothelioma can range from $1 million to $1.4 million. With the right legal guidance, mesothelioma victims and families can take action to secure the compensation they deserve. Attorneys at ELSM have secured nearly $5 billion in settlements on behalf of our clients.
Average Amounts of Compensation for Mesothelioma
There are several emotional and financial hardships that accompany a mesothelioma diagnosis. However, you may be able to take legal action. Mesothelioma lawsuits and mesothelioma settlements often result in compensation to ease financial burdens such as medical expenses and loss of income.
Factors Impacting Compensation Amounts
Several factors can influence mesothelioma compensation amounts, such as:
- Amount of lost income
- Amount of medical expenses
- Company responsible for the asbestos exposure
- Extent of asbestos exposure
- Patient's diagnosis and prognosis
- State where the lawsuit is filed
- Whether a case ends in settlement or verdict
An experienced mesothelioma attorney considers all the unique aspects of your case and works to help you secure the best compensation. As the client, you will always have the final say in how you want to proceed legally.
How Compensation Can Help Victims and Families
Mesothelioma compensation can alleviate the financial burden associated with the disease. Compensation can be used to:
- Cover travel costs for treatment
- Pay medical expenses
- Replace lost wages
- Pay for funeral expenses
- Provide financial security for your loved ones
Compensation also serves as a form of justice, holding negligent companies accountable for their actions. It can provide much-needed relief, helping families cope with the financial and emotional stress of mesothelioma and focus on what truly matters.
Types of Compensation for Mesothelioma
Mesothelioma victims can seek various types of compensation, and it's not uncommon for a victim to receive more than one type. Understanding these different types of compensation can help victims and their families make informed decisions about their legal options.
The types of mesothelioma compensation available depend on several factors, including the specifics of asbestos exposure and the laws in the state where the claim is filed.
Personal Injury Lawsuits
Personal injury lawsuits are commonly used to pursue mesothelioma claims. These lawsuits are filed by mesothelioma patients against the companies responsible for their asbestos exposure. Successful personal injury lawsuits can lead to substantial compensation, especially if the case goes to trial.
Wrongful Death Settlements
If a mesothelioma patient passes away, their family members can file a wrongful death lawsuit. These lawsuits seek compensation for the losses suffered by the family because of their loved one's death. Wrongful death settlements offer financial relief at a time of significant emotional and financial stress.
Asbestos Trust Funds
Asbestos trust funds were established by companies that manufactured asbestos products and later filed for bankruptcy. These funds are designed to provide compensation for individuals who develop asbestos-related diseases because of exposure to the company's products.
Asbestos trust funds can provide a quicker path to compensation than lawsuits. They often have less stringent eligibility requirements and do not require a trial. However, the compensation amounts from trust funds are often lower than those from lawsuits.
In addition to lawsuits and trust funds, mesothelioma victims may be eligible for other types of compensation. These include Veterans Affairs benefits, workers' compensation, and disability benefits. The eligibility requirements and compensation amounts for these benefits vary.
Eligibility for Mesothelioma Compensation
Those eligible for mesothelioma compensation generally belong to two groups:
- You were diagnosed with mesothelioma
- You’re a spouse, child, or estate representative of a mesothelioma victim
A free case evaluation with an asbestos attorney can help you determine if you are eligible for compensation.
Securing Mesothelioma Compensation
Securing mesothelioma compensation involves several steps, from gathering evidence to filing a claim to negotiating a settlement. The process can be complex and time-consuming but having an experienced mesothelioma attorney by your side can make a significant difference.
The right time to involve a lawyer is as soon as possible after diagnosis. An attorney can guide you through the legal process, help gather the necessary evidence, and advocate for your rights. Their knowledge and experience can increase your chances of securing the maximum possible compensation for you and your family.
Frequently Asked Questions
What is the average compensation for mesothelioma victims?
The average compensation for mesothelioma victims varies widely, depending on the specifics of the case. However, it typically ranges from $1 million to $1.4 million. This amount can come from various sources, including personal injury lawsuits, wrongful death settlements, and asbestos trust funds.
How long does it take to get compensation for mesothelioma?
The timeline for securing mesothelioma compensation depends on several factors, including the type of claim filed and the specifics of the case. Personal injury and wrongful death lawsuits can take several months to several years to resolve. Claims against asbestos trust funds often resolve more quickly, typically within a few months. However, every case is unique, and timelines can vary.
Can family members get mesothelioma compensation?
Family members of mesothelioma victims can often seek compensation through wrongful death lawsuits and certain types of trust fund claims. The eligibility requirements and compensation amounts for these claims vary.
Request a Free Case Evaluation
Request a free case evaluation now if you or someone you love has been diagnosed with mesothelioma. The evaluation will cost you nothing. Our lawyers will travel to visit you at your convenience or conference call with you over the phone. We understand how difficult a time this is for you and will assist in any way that we can. You can also call us toll-free at 1-800-336-0086 at any time.