Is there really a Mesothelioma compensation calculator? The answer is No- there is no mesothelioma compensation calculator. Why is that? How is the compensation calculated then? You must be wondering. Well, there is no definitive method for calculating mesothelioma compensation. This is because the amount received from the settlement can vary depending on unique factors for each individual case. Some of these factors include;
- Claimant’s diagnosis and medical history.
- Medical bills and other related costs.
- Lost wages
- Pain and suffering
- Accumulated bills and expenses.
- Number of companies sued.
- Where the claim is filed.
- Proof of negligence
- Attorney fees and related costs.
- Length of case
By taking all these factors into consideration, it becomes extremely difficult to calculate the average mesothelioma compensation amount, hence the lack of a calculator.
How to Determine the Value of your Mesothelioma Lawsuit?
If you or a family member has been diagnosed with mesothelioma, you may be entitled to compensation and should therefore file a lawsuit. Before filing a claim, you will want to determine the value of your mesothelioma lawsuit.
Well, although the average mesothelioma settlement is estimated to fall between $1 and $1.4 million, no two mesothelioma lawsuits are worth the same amount. There have been some instances where the compensation was much higher and lower in others. Every single case is unique as various factors can play a crucial role in determining how much worth your a case is. Understanding these factors can help you and your family members better understand how much your case is worth.
These main factors affecting the value of your mesothelioma lawsuit include;
- The Level of Asbestos Exposure: The level of asbestos exposure is often a determining factor of a mesothelioma case value. This is because there is a strong link between the level of asbestos exposure and the likelihood of developing mesothelioma.
- Medical Expenses: From the initial diagnosis to numerous treatment sessions, mesothelioma can be expensive to treat, and this results to piling up of medical bills. These medical costs can also greatly affect the value of a case.
- Economic Loss: Mesothelioma is basically a disabling disease and can limit a patient’s ability to work, which can lead to job loss and lost wages. When this happens, the patient and the immediate family face a huge financial burden. As such, economic loss is a determining factor of the lawsuit value for compensation.
- Pain and Suffering: The pain and suffering experienced by a mesothelioma victim are also factored into each case value for compensation. The length of suffering is also taken into consideration.
- Type of Mesothelioma: The type of mesothelioma you have been diagnosed with will also be part of the calculation. For example, severe mesothelioma of the lungs which includes invasive surgery and long-term severe has a high-value case.
- Stage of Mesothelioma: The stage of your mesothelioma and how long you have endured pain and suffering with the disease are also used to determine the case value.
Other factors that affect mesothelioma case value include;
- Age of claimant
- Loss of pension
- Age of claimant at diagnosis.
- Proof of negligence
- Number of children/dependents.
- Funeral expenses
- Marital status
How Can You Maximize Your Mesothelioma Compensation?
The amount of mesothelioma compensation given in either a settlement or a jury largely depends upon different variables such as medical expenses, loss of income, level of asbestos exposure, state of the disease, among others. Although the average amount of compensation is estimated to be $1 million to $1.4 million, it’s possible to receive a much higher payout.
To maximize your mesothelioma compensation;
• Hire a highly skilled and experienced attorney. Such an attorney has the experience and expertise to make sure you get the highest possible compensation for your disease.
• Provide proof of negligence of the responsible company/companies.
• File a class action lawsuit- This is a claim in which a group of people collectively bring forward a complaint to court. A study carried out by an economic consulting firm found that higher verdict awards were given to consolidated/class action lawsuits than had previously been offered to individual cases. This, however, has not always been the case.
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