What You Should Know About Mesothelioma Compensation

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Getting diagnosed with Mesothelioma is a gut-wrenching experience in itself. It can get even worse if you do not know how to handle the case for financial compensation in such a scenario. A virtual clock starts ticking as soon as one is diagnosed with Mesothelioma as there is a statute of limitations to file a mesothelioma claim. 

But before we get into the details, you need to know the basics about Mesothelioma.

What is Mesothelioma?

Mesothelioma is a type of cancer that forms from the thin layer of tissue which engulfs most of the internal organs. The most common area affected by Mesothelioma is the lining of the lungs and chest wall. Mesothelioma is an aggressive and deadly form of cancer and while its treatments are available to delay the advancement, a cure isn't possible.

The primary risk factor for mesothelioma is known to be through exposure to a naturally occurring mineral in the environment called Asbestos. It takes around 20 to 60 years for a person to be affected by the accumulated asbestos in the lungs and mesothelioma to develop.

There are a lot of challenges faced by people suffering from Mesothelioma and their loved ones. When seeking to file a case with the help of experts, here are a few things you need to be aware of.

How Much Compensation Can You Get for Mesothelioma?

Compensation for Mesothelioma differs from case to case. As per Mealey's Litigation Report, the average settlement can range from anywhere between $1 million to $1.4 million.

Predicting the exact compensation can come with each case or how a case will be resolved cannot be gauged by a layman and can only be determined by an expert asbestos attorney who also confirms if you or your loved one is eligible for filing a claim.

What Types of Compensation Can You Receive?

Bankruptcy Trust Funds:

Since Asbestos takes a long time to settle in the body and lead to Mesothelioma, a person affected with the mineral might have come in contact with it anywhere between 20 to 60 years ago and many companies that mined asbestos or manufactured products with asbestos may no longer exist. This does dissolve the issue but rather puts the compensation under Bankruptcy Trust Funds where many companies were ordered to set up funds to compensate asbestos victims.

Court Cases Leading to Either Trial Verdicts or Settlements:

The Trial verdicts will rule defendants, in this case, the companies manufacturing asbestos,  liable or not liable. If the case turns in your favor, money is usually awarded to you. But since each Mesothelioma case is unique, there are no fixed guidelines that define claim compensation for asbestos exposure.

The defendant may not wish to rack up more legal fees or afford to lose a trial, and hence, opt for a settlement. 

How do I apply for financial compensation as a victim of exposure to asbestos?

Victims of asbestos exposure who are suffering from mesothelioma or asbestosis can submit an application for financial compensation. Once the causes behind your condition are determined, a jury is formed to handle the case. Compensation for victims of asbestos is also checked for the type of ailment, out of asbestosis or mesothelioma caused by exposure to asbestos.

Conditions for financial compensation

You will have to prove certain things about your exposure to asbestos for a claim to be successful. Claims must be made within 3 years of your diagnosis. There are a number of conditions to satisfy before you are deemed eligible for financial compensation. Expert attorneys like the ones at www.bergmanlegal.com can guide you and your loved ones most appropriately.

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