Average Mesothelioma Settlement Amount: What You Need To Know
Asbestos exposure can lead to the development of a rare and deadly cancer known as mesothelioma. For those who have been diagnosed with this disease, pursuing a settlement or lawsuit against the responsible parties is often necessary to cover medical expenses, lost wages, and other damages. In this article, we will discuss the average mesothelioma settlement amount and other important information you need to know.
The Severity of the Diagnosis
The severity of the mesothelioma diagnosis is one of the most significant factors in determining settlement amounts. If the cancer is in the early stages, the settlement may be lower. However, if the cancer is advanced and the prognosis is poor, the settlement may be higher.
The Extent of Exposure
The amount of time and the extent of exposure to asbestos also play a significant role in determining settlement amounts. Those who have been exposed to asbestos for extended periods, such as workers in certain industries, may receive higher settlements than those who had limited exposure.
The Responsible Parties
The responsible parties in a mesothelioma case can include employers, manufacturers of asbestos-containing products, and even the government. The number and type of responsible parties can impact the settlement amount.
The Jurisdiction
The jurisdiction in which the case is filed can also impact the settlement amount. Some states have a history of awarding higher settlements in mesothelioma cases than others.
The Legal Representation
The quality of legal representation can also impact the settlement amount. A skilled mesothelioma lawyer may be able to negotiate a higher settlement on behalf of their client.
The Type of Settlement
The type of settlement can also impact the amount. A settlement reached through negotiations or mediation may be lower than one awarded through a trial verdict.
What Is the Average Mesothelioma Settlement Amount?
The average mesothelioma settlement amount varies widely and can range from $1 million to $2.4 million.
How Long Does It Take to Receive a Mesothelioma Settlement?
The length of time it takes to receive a mesothelioma settlement can vary widely, but it typically takes several months to a year or more after filing a claim.
Do I Need to Go to Court to Receive a Mesothelioma Settlement?
No, mesothelioma settlements can often be negotiated outside of court. However, if a settlement cannot be reached, a trial may be necessary.
Can I File a Mesothelioma Lawsuit if the Company Responsible for My Exposure is No Longer in Business?
Yes, it may still be possible to file a mesothelioma lawsuit even if the responsible company is no longer in business. A mesothelioma lawyer can help identify other liable parties.
What Are the Benefits of Pursuing a Mesothelioma Settlement?
Pursuing a mesothelioma settlement can provide financial assistance to cover medical expenses, lost wages, and other damages caused by asbestos exposure. It can also hold responsible parties accountable for their actions.
What Happens If I Die Before Receiving My Mesothelioma Settlement?
If the mesothelioma victim dies before receiving a settlement, their estate may still be entitled to the settlement.
Can I Receive Compensation for Mesothelioma if I Was Exposed to Asbestos on the Job?
Yes, those who were exposed to asbestos on the job may be eligible for compensation through workers’ compensation or a mesothelioma settlement or lawsuit.
How Can I Find a Mesothelioma Lawyer?
You can find a mesothelioma lawyer by researching reputable law firms that specialize in mesothelioma cases, or by contacting a mesothelioma advocacy group for assistance.
Pros of Pursuing a Mesothelioma Settlement
- Financial assistance to cover medical expenses, lost wages, and other damages caused by asbestos exposure.
- Holding responsible parties accountable for their actions.
- Potentially avoiding the lengthy and stressful process of going to trial.
Tips for Pursuing a Mesothelioma Settlement
- Hire an experienced mesothelioma lawyer who can negotiate on your behalf.
- Keep detailed records of your medical expenses and other damages caused by asbestos exposure.
- Be patient, as the process of pursuing a settlement can take time.
Summary
If you or a loved one has been diagnosed with mesothelioma, pursuing a settlement or lawsuit can help cover medical expenses, lost wages, and other damages caused by asbestos exposure. The average mesothelioma settlement amount varies widely and is influenced by factors such as the severity of the diagnosis, the extent of exposure, and the legal representation. By hiring an experienced mesothelioma lawyer and keeping detailed records of your damages, you can increase your chances of receiving a fair settlement.
