Mesothelioma is a cancer of the lung lining caused by asbestos exposure. It is a deadly disease that costs its victims precious time and imposes tremendous financial strain from medical bills and other losses. Each mesothelioma claim is unique. An attorney with experience pursuing compensation for mesothelioma cancer can help you understand how long it might take before you receive a settlement.

Factors That Affect Mesothelioma Settlement Time Frame

Several factors affect how long the settlement process takes. Gathering documentation and creating a robust case requires time. Some steps in that process to : 

  • Gather All Documentation – A significant part of pursuing compensation for mesothelioma is showing the severity of the condition and its impact on the individual’s health and life expectancy. You need a comprehensive written diagnosis, medical test results, and related documents. 
  • Clarify Cause-and-Effect – You must also show how the defendant’s negligence caused or contributed to your illness and resulting damages. Failure to provide proof of liability can delay the settlement process.
  • File in Time – There is often a statute of limitations that dictates how long an injured party has to file a mesothelioma claim. Allow enough time to meet required deadlines to help streamline the settlement process.
  • Work with a Legal Professional – Sadly, the defendant’s insurance company knows that time is on their side, not on the side of the individual suffering from mesothelioma cancer. Working with a skilled attorney can prompt the insurance company to settle the claim in a timely manner. Mesothelioma personal injury attorneys know the law and can often thwart the defendant’s attempt to stall the process.

Average Time Frame for Mesothelioma Settlement

The average time frame for a mesothelioma settlement can vary widely depending on: 

  • Specific case details
  • Complexity of case
  • Strength and completeness of the evidence
  • Legal strategies
  • Number of defendants involved 

Some cases may take several months, and others much longer. You will probably receive a payout within two to four weeks after settlement. 

How to Speed Up the Mesothelioma Settlement Process

It is frustrating when defendants respond slowly to something as important as an insurance settlement. To expedite the process: 

  • Provide Complete Information – Gather and present all information related to the asbestos exposure history, medical records, and expenses
  • Respond Promptly – Return calls and emails promptly to avoid potential delays
  • Suggest Alternative Resolution – Consider mediation or arbitration, as court proceedings typically take much longer 

Compensation Amount and Payout Options

There isn’t a one-size-fits-all amount applied to mesothelioma settlements. The potential compensation varies due to:

  • Severity and stage of cancer
  • Medical expenses
  • Emotional suffering
  • Reduced quality of life
  • Loss of companionship and consortium

Depending on the compensation amount, you might have several payout options:

  • Lump Sum Payment – Receive the entire amount in a single, final payment.
  • Structured Settlement – Receive payments over time, which provides a steady income stream. 
  • Trust Fund Payment – Receive payments through a trust fund for either the victim or their surviving family members. 

In general, insurance settlements are not taxable by the Internal Revenue Service (IRS), but check with a tax or financial professional.

Consult a Mesothelioma Attorney About All Your Options

A knowledgeable mesothelioma attorney can guide you through the complexities of the settlement process, ensuring you understand your rights and options. The Menges Law Firm is ready to demand fair compensation for your suffering and losses. Contact us online or call us at (618) 424-4450 for a free consultation.