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Mesothelioma patients and their loved ones can seek financial compensation for diagnostic and treatment costs, travel, pain and suffering, lost income and other expenses associated with a diagnosis from asbestos exposure. Compensation options and amounts can vary greatly based on aspects of your individual case.
Types of Asbestos Compensation
Asbestos was used frequently from the 1940s through the 1960s, before its dangers became known and laws and regulations were put into place in the early 1970s. Over time, a number of asbestos companies that manufactured, distributed, sold or used asbestos products and materials have either gone out of business, merged with other corporations or have been restructured due to bankruptcy. Oftentimes, the end of their business was due to a series of compensation claims filed against them for asbestos-related injuries.
There are four main types of compensation that mesothelioma patients may receive. Not all patients are eligible for all compensation options. A mesothelioma lawyer can discuss what is best for you.
Waiting for a verdict can sometimes be risky, which is why many companies want to settle. However, it may also be in the best interest of the plaintiff to settle as well, since juries could also return a verdict that either finds the company not to be liable or which awards a smaller amount of compensation than they might have received in a settlement. Having a skilled attorney who can advise you about the strength of your case and the likelihood of a favorable verdict and award is critical to ensuring that you receive the greatest amount of monetary compensation possible.
Asbestos Trust Funds
A settlement can occur if a patient or loved one files a mesothelioma claim against one or more asbestos companies for personal injury or wrongful death. In most cases, companies will offer a settlement before the claim reaches trial, to avoid the possibility of paying out even more financial compensation if the jury or judge finds them guilty.
Retired military personnel make up one of the largest populations of people that were exposed to asbestos, especially those who served in the Navy, Coast Guard, Merchant Marine and U.S. Army Transport Service. Much of veterans’ exposure was due to the use of asbestos on warships and other naval vessels. As a result, the U.S. Department of Veterans Affairs (the VA) has designated mesothelioma as one of the several diseases that qualify for disability benefits.
Veterans may also be eligible to get financial assistance through no-cost health benefits given to veterans with service-related disabilities, including malignant mesothelioma.