National Gypsum Asbestos Trust Fund: Claim Types, Payments and Legal Options

Discover the comprehensive guide to the NGC Bodily Injury Trust, its pivotal role, and essential details on claims submissions and resolutions.

Table of Contents
Introduction
Trust Purpose and Functions
Claim Submission and Resolution
Current Payment by Claim Types
Asbestos Products
Legal Options & Free Legal Consultation

Introduction to National Gypsum Asbestos Trust

Established in 2003, this trust is vital in addressing asbestos bodily injury claims associated with the National Gypsum Company. Dive in to understand its core purpose, functionalities, and step-by-step guide to submitting and resolving claims.

National Gypsum Asbestos Trust Purpose and Functions

The NGC Bodily Injury Trust, commonly referred to as NGCBIT, came into existence on August 6, 2003. Its primary role is to offer resolutions to asbestos-related bodily injuries linked to the National Gypsum Company. Operated and administered by Trust Services, Inc., the trust has stood as a beacon of hope and support for countless individuals seeking compensation for asbestos-related harm.

National Gypsum Asbestos Trust Claim Submission and Resolution

As per the Trust's guidelines, claimants must submit a designated claim form as evidence of their claim. Detailed instructions for submission, including the claim form and mandatory agreements for electronic submissions, have been laid out by the Trust to ensure clarity and ease of process.

National Gypsum Asbestos Trust Current Payment by Claim Type

Current payment amounts for each type of claim:

Mesothelioma Claims:

Expedited Review: $22,500
Individual Review: $180,000
Ratio*: 41.0%

Lung Cancer Claims:

Expedited Review: $3,750
Individual Review: $30,000
Ratio*: 41.0%

* The trust funds ensure a fixed percentage of compensation known as a "ratio", which reserves funds for potential future victims based on the claim's worth.

National Gypsum Asbestos Products

35 lb Asbestos Roofing Jacket
All Purpose Joint Cement
All Weather Caulking Compound
Asbestibel Panel
Asbesto-Grid Panel
Asbestone Cement Wallboard
Asbestone Roofing
Asbestos Ceiling Panels
Asbestos Cement Siding Shingles
Asbestos-Faced Mineral Wool Insulation Board
Asbestos Fiber
Asbestos Jackets for Pipecovering
Asbestos Stripping Tape
Chromashake Siding
Chromatex Siding
Chromatone Siding Shingles
Classic “32” Siding
Classic Shake Siding
Corrugated “400” Siding and Roofing Material
Craftco Cement Paint
Deeptex Siding
Dutch Lap Shingles
Exterior Foam Core Panels
FlexFelt
Gold Bond Acoustical Plaster
Gold Bond Adhesive
Gold Bond All-Purpose Joint Cement
Gold Bond All Purpose Joint Compound
Gold Bond Asbestone Panels
Gold Bond Asbestos Cement Board
Gold Bond Asbestos-Faced Mineral Board
Gold Bond Asbestos Fiber
Gold Bond Asbestos Panels
Gold Bond Asbestos Paper
Gold Bond Ceiling Panels
Gold Bond Color Textures
Gold Bond Corrugated “Economy 250” Asbestos Cement Sheet
Gold Bond Cover Crete
Gold Bond Craftex
Gold Bond Crown Coat Cement
Gold Bond Decorite
Gold Bond Exterior Stucco
Gold Bond E-Z Spray Texture
Gold Bond E-Z Tex
Gold Bond Finisher
Gold Bond Fire-Shield Plaster
Gold Bond High Humidity Acoustical Plaster
Gold Bond Humiguard
Gold Bond Humiguard Asbestos Panels
Gold Bond Insulating Cement
Gold Bond Insul-Best Panels
Gold Bond Joint Compound
Gold Bond Laminating Adhesive A
Gold Bond Macoustic
Gold Bond Millboard
Gold Bond Mortar Mix
Gold Bond Natcor
Gold Bond No. 340 Insulating Cement
Gold Bond Panels
Gold Bond Patching Plaster
Gold Bond Perfo-Lyte Acoustical Plaster
Gold Bond Permaboard
Gold Bond Plasters
Gold Bond Plasticryllic Panels
Gold Bond Pliaboard
Gold Bond Quik-Treat Joint Compound
Gold Bond Q-W Compound
Gold Bond Ready Mixed Joint Cement
Gold Bond Ready Mixed Joint Compound
Gold Bond Ripple-Tone Plasticrylic Panels
Gold Bond Rockwall Acoustic Plaster
Gold Bond Siding
Gold Bond Spackling Paste
Gold Bond Spackling Plaster
Gold Bond Sprayolite
Gold Bond Sprayolite Acoustical Plaster
Gold Bond Spray-On Acoustical Plaster
Gold Bond Spray Quick
Gold Bond Spray Quick A
Gold Bond Sta-Smooth Compound
Gold Bond Super Westex
Gold Bond Tar Paper
Gold Bond Texas Texture
Gold Bond Texture
Gold Bond Texture Paint
Gold Bond Thermotec Asbestos Cement Sheets
Gold Bond Thermo Weld Compound
Gold Bond Topping Cement
Gold Bond Topping Compound
Gold Bond Tri-Treatment Joint Cement
Gold Bond Tri-Treatment Joint Compound
Gold Bond Two-in-One Joint Compound
Gold Bond Velvet Joint Compound
Gold Bond Velvet Spray Quick Texture
Gold Bond Velvet Texture A.R.
Gold Bond Velvet Topping Compound
Gold Bond Velvet Triple-T Compound
Gold Bond Velvet White Super Spray
Gold Bond Vinyl Texture
Gold Bond Vinyl Topping Compound
Gold Bond Wallboard
Gold Bond Wood Fibered Plaster
Hexagonal Shingles
Insul-Best Panels
Panelectric Groove Fill
Perfect Spray
Perforated Panel
Ranch-Style Shingles
Rockwall Acoustic Plaster
RockWool Insulating Cement
Soffit Panels
Sprayed “Limpet” Asbestos
Sussex “32” Siding
Thermacoustic
Thermotec
Thermo-Weld Compound
Two-in-One Compound
Unperforated Panel
Vinyl Topping Compound
Wesco Joint Treatment
Woodgrain Siding

Asbestos Law Firms Near You

National law firms, with their experience in handling cases and trust fund claims across the country, can be a smart choice. Opting for a nationwide firm means you'll have a team of lawyers who know the ins and outs of asbestos cases in every state. They'll figure out the best place to file your claim and make sure it's done within the legal deadlines, all to get you the maximum possible compensation.