Average Mesothelioma Settlements: What You Need To Know
When it comes to mesothelioma, a rare and aggressive form of cancer caused by asbestos exposure, seeking compensation is often necessary. One way to do so is through a settlement with the responsible party. Here’s what you need to know about average mesothelioma settlements.
Exposure History
The amount, duration, and type of asbestos exposure you experienced will play a significant role in determining your settlement. Those who were exposed to asbestos for longer periods and in higher concentrations are likely to receive more compensation.
Diagnosis and Prognosis
The stage of your cancer, as well as your overall health and life expectancy, will also affect your settlement. Those with earlier-stage mesothelioma or longer life expectancies may receive less compensation than those with advanced-stage cancer or shorter life expectancies.
Medical Expenses and Lost Wages
Your settlement may also take into account any medical expenses or lost wages resulting from your diagnosis. These costs can add up quickly, so it’s important to keep track of all related expenses and provide documentation.
Legal Representation
Your choice of attorney can also impact the amount of your settlement. Experienced mesothelioma lawyers with a track record of success may be able to negotiate better terms on your behalf.
Settlement vs. Trial
While most mesothelioma cases are settled out of court, the possibility of going to trial can also impact your settlement. If your case goes to trial, the amount of compensation you receive will be determined by a jury.
Location
Where you file your lawsuit can also affect your settlement. Some states may have caps on the amount of compensation you can receive, while others may have a history of awarding higher settlements.
What is the Average Mesothelioma Settlement?
The average mesothelioma settlement varies widely, but can range from $1 million to $2.4 million.
How Long Does it Take to Receive a Settlement?
The time it takes to receive a settlement can vary, but can take anywhere from a few months to a few years depending on the specifics of your case.
Do I Have to Go to Court to Receive a Settlement?
Most mesothelioma cases are settled out of court, but there is a possibility of going to trial.
Can I File a Lawsuit Even if I Don’t Know Where I Was Exposed to Asbestos?
Yes, it may still be possible to file a lawsuit even if you don’t know where you were exposed to asbestos.
What If I’m Not Sure if I Have Mesothelioma?
If you’re experiencing symptoms such as chest pain, shortness of breath, and fatigue, it’s important to see a doctor as soon as possible for a proper diagnosis.
What If I Can’t Afford a Lawyer?
Many mesothelioma lawyers work on a contingency fee basis, meaning they only get paid if you receive compensation. This can help alleviate some of the financial burden of hiring a lawyer.
What If I’ve Already Received Compensation from an Asbestos Trust?
If you’ve already received compensation from an asbestos trust, you may still be able to file a lawsuit against other responsible parties for additional compensation.
What Should I Look for in a Mesothelioma Lawyer?
Look for a lawyer with experience handling mesothelioma cases, a track record of success, and a willingness to work on a contingency fee basis.
Pros of Pursuing a Mesothelioma Settlement
There are several advantages to pursuing a mesothelioma settlement, including:
- Receiving compensation for medical expenses and lost wages
- Avoiding the uncertainty and stress of going to trial
- Obtaining closure and a sense of justice
Tips for Maximizing Your Mesothelioma Settlement
If you’re considering pursuing a mesothelioma settlement, keep these tips in mind:
- Hire an experienced mesothelioma lawyer
- Keep detailed records of your medical expenses and lost wages
- Be prepared to negotiate
- Avoid settling too quickly
- Consider the tax implications of your settlement
Summary
While the average mesothelioma settlement can vary widely, there are several factors that can impact the amount of compensation you receive. By working with an experienced mesothelioma lawyer and keeping detailed records of your expenses, you can maximize your chances of receiving a fair settlement.
