If you have been diagnosed with mesothelioma (asbestos cancer), you have a good chance of obtaining a good amount of money as part of the compensation.
With this compensation, you can settle hospital bills incurred during the course of your diagnosis and treatment, pay household bills, replace lost income, and even secure your family’s financial future.
Now because trials often take a long time to conclude, most mesothelioma cases usually end in a settlement before reaching the courtroom. This means that you as the plaintiff and the responsible party must reach an agreement on the amount of compensation you will receive.
How Much Time Do I Have to File a Lawsuit?
Mesothelioma has a latency period of 10- 40 years. This is the time it takes for the disease to be diagnosed.
In most states, the statute of limitation ranges from 1 to 5 years from the time of diagnosis. This means that as a mesothelioma victim, you are required to file a lawsuit within the set time-frame, otherwise you may not be entitled to a claim after this period expires.
In cases where the victim has already died, his/her spouse has 1-3 years from the date of death to file a wrongful death lawsuit.
How Much Compensation Am I Entitled To?
The amount of compensation you’re entitled to receive can vary depending on a number of factors including your diagnosis and treatment, lost wages, medical bills, etc, number of companies sued, and where the claim was filed.
Often, it’s usually difficult to estimate due to these factors. For example, you may receive a relatively little amount if the funds set aside by responsible companies (which have already closed shop) are not enough to give the victims a full value compensation.
Of course, there some of these funds are large enough to pay out all claims to victims at full value.
Now that being said, the average mesothelioma lawsuit settlements ranges between 1 million and 1. 4 million.
However, after costs such as attorney fees, medical bills, court fees, and other expenses are subtracted, you may end up receiving a lesser amount
All in all, as earlier stated, every case is unique.
How Long Will the Case Take?
Because most mesothelioma lawsuits often end up in a settlement, it can take approximately 1 to 2 years to get your compensation after filing a lawsuit. Of course, this is after you and your lawyer have gathered the necessary details about your case.
This is quite a short time compared to other lawsuits which take years to conclude. And of course, early compensation is ideal since most mesothelioma victims often don’t have much time left after diagnosis.
Furthermore, most seriously ill plaintiffs often prefer a quick settlement to help them settle their hospital bills.
You might want to use the assistance of an experienced mesothelioma attorney who perfectly understands the intricacies of mesothelioma cases. An attorney will not only help you navigate the entire process, but will also help negotiate with the defendant party to ensure you receive maximum compensation.
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