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How Large of a Settlement to Expect After an Asbestos Claim

Posted May 24, 2019 in Personal Injury Blog

Personal Injury Lawyer

If you have an asbestos claim, it’s important to understand that these lawsuits almost always settle outside of a courtroom. Now, this isn’t always the case, of course. If you’re in the middle of an asbestos claim or about to file one, you may be wondering how large the settlement is going to be. Will it be enough to compensate you? The answer is difficult to put an exact number on. After all, a case will have a number of different factors that contribute to how much compensatory and punitive damages that you receive. Here’s what you need to know to estimate what you might receive.

Settling Out of Court

The majority of cases settle out of court. Those who take the claim to trial will often be awarded a larger sum of money by the jury. These settlements are normally larger. However, what you should take into account when it comes to going to trial is that it’s going to take longer. You may have more fees to pay, you may not see your money for a long time. This is why it can be a lot more beneficial to settle out of court.

Settlement and Verdict Factors

If you’re trying to figure out how large of a settlement you can receive, then you’re going to have to take several different factors into account. A lot of people will research similar cases and settlements and while you may be able to get a rough estimate from your research, it isn’t always correct. In fact, in some instances, you can be far off because you didn’t take every factor into consideration. Here is some of what will weigh your case’s settlement:

  • Proof of negligence
  • Diagnosis
  • Medical history
  • Location where filed
  • Number of companies involved
  • Lost wages
  • Medical bills
  • Miscellaneous expenses

Your compensation will be directly influenced by the strength of your case. You need to consider every factor and how it might impact your case.

When it comes to an asbestos settlement, it’s imperative that you have a strong case. Fortunately, there are lawyers who have made their mark in working asbestos cases. These lawyers will have the best, up to date information and have the experience to help you. When it comes to this type of case, experience matters the most. You need someone who knows the ins and outs of these claims and is invested in getting you the settlement that you deserve. If you’re ready to file a claim, plan your consultation with a personal injury lawyer in Harrisonburg, VA.

Thanks to MarinWren, P.C. for their insight into personal injury claims involving asbestos.

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