Usual Payout for Mesothelioma: What You Need to Know

Greetings, dear readers. If you or a loved one has been diagnosed with mesothelioma, you may be entitled to compensation. Mesothelioma is a rare but deadly cancer that affects the lining of the lungs, chest, or abdomen. It is most commonly caused by exposure to asbestos, a mineral that was widely used in construction, shipbuilding, and other industries until the 1980s.

While nothing can undo the harm that has been done, financial compensation can help ease the burden of medical bills, lost wages, and other expenses. In this article, we will take a deep dive into the usual payout for mesothelioma and what factors can affect it.

What Determines the Usual Payout for Mesothelioma?

The amount of compensation you can receive for mesothelioma can vary widely depending on several factors, including:

Type and Severity of Mesothelioma

The type and stage of mesothelioma you have will play a significant role in determining your payout. Generally, those with more advanced stages of mesothelioma will receive higher payouts.

Duration and Intensity of Asbestos Exposure

The amount of time you were exposed to asbestos and the intensity of that exposure will also affect your payout. Those who worked with asbestos for many years or in high-risk occupations are likely to receive higher payouts.

Medical Expenses and Loss of Income

The cost of treating mesothelioma can be significant, and those with the disease may also experience a loss of income due to being unable to work. Compensation can cover these expenses and help ease the financial burden.

Lawsuit Settlement vs. Trust Funds

There are two main ways to receive compensation for mesothelioma: through a lawsuit settlement or a trust fund. Generally, trust funds offer lower payouts but are faster and more straightforward, while lawsuit settlements can take longer but offer the potential for higher payouts.

State Laws and Regulations

The laws and regulations in your state may also affect the amount of compensation you can receive for mesothelioma. Some states have caps on damages or require more stringent proof of exposure and harm.

What is the Average Payout for Mesothelioma?

According to a recent study by the RAND Corporation, the median payout for mesothelioma cases was $1.1 million, with an average payout of $2.4 million. However, payouts can range widely from a few thousand dollars to tens of millions of dollars, depending on the factors listed above.

Table of Usual Payout for Mesothelioma

Type of Mesothelioma	Median Payout	Range of Payouts
Pleural Mesothelioma	$1.1 million	$100,000-$10 million+
Peritoneal Mesothelioma	$1 million	$100,000-$5 million+
Pericardial Mesothelioma	$1.2 million	$100,000-$2 million+

FAQs About Usual Payout for Mesothelioma

1. Can I still receive compensation if I was exposed to asbestos many years ago?

Yes, you can still receive compensation even if your exposure to asbestos occurred many years ago. Mesothelioma has a long latency period, meaning it can take decades for symptoms to appear.

2. What if I was exposed to asbestos outside of work?

You may still be eligible for compensation if you were exposed to asbestos outside of work, such as through a family member’s clothing or in your home.

3. Do I need to have a diagnosis of mesothelioma to receive compensation?

Yes, you must have a medical diagnosis of mesothelioma to receive compensation.

4. How long does it take to receive compensation?

The length of time it takes to receive compensation can vary widely depending on whether you choose a lawsuit settlement or a trust fund. Lawsuit settlements can take years to resolve, while trust fund payouts are usually much faster.

5. Can I still receive compensation if the company that exposed me to asbestos is no longer in business?

Yes, you may still be able to receive compensation through a trust fund set up specifically for asbestos victims.

6. Is a lawyer necessary to file a mesothelioma compensation claim?

While it is not required, it is highly recommended that you seek the services of a mesothelioma lawyer to ensure you receive fair compensation for your illness.

7. Can compensation cover future medical expenses?

Yes, compensation can cover future medical expenses related to your mesothelioma, as well as lost wages and other expenses.

8. What if I live in a different state from where the exposure took place?

Your lawyer can help you navigate the legal requirements for filing a compensation claim in a different state from where the exposure took place.

9. How much does it cost to hire a mesothelioma lawyer?

Most mesothelioma lawyers work on a contingency fee basis, meaning you only pay if you win your case. The percentage of the payout that goes to your lawyer can vary, but is usually around 30%.

10. Can I still receive compensation if I smoked cigarettes?

Yes, smoking cigarettes does not negate your eligibility for compensation if you have mesothelioma.

11. Can compensation cover pain and suffering?

Yes, compensation can cover pain and suffering related to your mesothelioma.

12. What if I was exposed to asbestos in the military?

You may be eligible for compensation through the VA if you were exposed to asbestos during your military service.

13. How do I start the process of filing a compensation claim?

You can start by contacting a mesothelioma lawyer who can guide you through the process and help you determine your eligibility for compensation.

Conclusion

We hope this article has provided you with valuable information about the usual payout for mesothelioma. Remember, every case is unique, and the factors that determine your compensation can vary widely. If you or a loved one has been diagnosed with mesothelioma, it is important to seek the services of a qualified mesothelioma lawyer who can help you receive the compensation you deserve.

Don’t wait. Contact a mesothelioma lawyer today and take the first step towards recovering the compensation you deserve.

Closing Disclaimer

The information in this article is not intended as legal advice and should not be used as a substitute for consulting with an experienced mesothelioma lawyer. Laws and regulations regarding mesothelioma compensation can vary widely by state and case. Always consult with a qualified lawyer before making any legal decisions.