Mesothelioma Asbestos Compensation | Lawyers for Settlement of Victims Fund

Mesothelioma Asbestos Compensation, Lawyers for Settlement of Victims Fund – Mesothelioma is never a sickness or disease to be joked with. It is mostly caused by asbestos, a group of six naturally occurring fibrous minerals composed of thin, needle-like fibers. Exposure to asbestos causes several cancers and diseases, including mesothelioma and asbestosis. Though, asbestos strengthens and fireproofs materials, but it is banned in many countries.

Asbestos is not banned in the United States that is why U.S. records the highest number of patients with Mesothelioma. There is need to compensate victims of mesothelioma which is very necessary since its preventive measures and cure is very rare. Also, lawyers that would help you get your settlement fund are also provided on its guidelines.

Nevertheless, this article will answer some of the questions we have been asking such as;

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Before, we go further; let’s understand what Mesothelioma compensation is all about.

Mesothelioma Compensation

Mesothelioma compensation simply put is any amount of money paid out to those diagnosed with this rare and deadly form of cancer.

Why should mesothelioma victims be compensated?

Victims typically receive mesothelioma financial compensation by taking legal action against major manufacturers of asbestos-containing products. Also, manufacturers are obligated to compensate mesothelioma victims since they knew that asbestos could cause life-threatening illnesses for decades but hid the facts to keep making money.

Records of amount of money paid by manufactures to mesothelioma victims

Between 2004 and 2016, manufacturers of asbestos-containing products paid out $15 Billion to victims through trust funds alone, according to a 2018 report from the U.S. Chamber Institute for Legal Reform.

How mesothelioma victims can access their compensation fund?

Victims may access mesothelioma compensation through:

• Asbestos trust funds: Some manufacturers could not keep up with the number of mesothelioma lawsuits they faced, so they declared bankruptcy to stop more lawsuits from being filed. In exchange, the companies were forced to set aside money to pay current and future victims.
• Mesothelioma lawsuits: If a manufacturer did not establish an asbestos trust fund — and is still in business — it may be possible to file a lawsuit against them. Some mesothelioma lawsuits have awarded millions of dollars in compensation.
• VA Benefits: Since asbestos was widely used in military vehicles and bases from the 1930s to the early 1980s, veterans who develop mesothelioma may be entitled to compensation through the U.S. Department of Veterans Affairs (VA).
• Other health care options: Private health care options and government-sponsored programs such as Social Security may award mesothelioma compensation to those who qualify.

Note: you may not really get the compensation on your own. There is need to work with an experienced lawyer that will back you up in all ramifications.

Financial compensation amount paid to all mesothelioma victims

Mesothelioma amount ranges from one million dollars to 1.4 million dollars for cases that settles out of the court. It increases to 50million dollars if there is trial

Importance/Benefits of Mesothelioma Compensation

Since the treatment of mesothelioma is very costly, it could be up to 500,000 dollars, Mesothelioma compensation can greatly help families afford the costs associated with this deadly cancer.

Eligibility for Mesothelioma Compensation

• Anybody that developed mesothelioma after being exposed to asbestos may be able to receive financial compensation, provided they can prove what manufacturers are responsible.
• Mesothelioma compensation for family members may also be available in some cases. For example, if a person dies due to mesothelioma, their loved ones may be able to take legal action to cover any remaining medical bills.
• Family members who didn’t work with or handle asbestos-containing products directly may also develop mesothelioma through secondhand exposure. If this happens, they can also file a lawsuit against certain manufacturers of asbestos-containing products to receive compensation.

How to Receive Mesothelioma Compensation

To receive compensation, victims need to present evidence that a company caused their health problems and then file an asbestos trust fund claim or a lawsuit.

There is no guarantee that someone with mesothelioma will receive compensation. However, by working with a mesothelioma lawyer or attorney, victims have a better chance of getting the money they deserve.

How long will it take to receive compensation?

Compensation time frames depend on how severe a claimant’s case is and the type of claim being made. While lawsuits can take years to play out, some trust fund claims get processed in a matter of months. Without legal help, it may be near impossible to receive financial compensation in a timely manner.

In nutshell, if you are a victim of mesothelioma or you know a victim, kindly gather enough evidences that would help you and your lawyer probe the manufacture and get compensated.

Mesothelioma Asbestos Compensation | Lawyers for Settlement of Victims Fund