Kanye West’s Mental Breakdown May Trigger Huge Insurance Payout

(Photo by Kevin Winter/Getty Images)

(Photo by Kevin Winter/Getty Images)

That Kanye West stays scheming man. I’m not trying to make light of his situation because mental illness is no joke, but if anyone were to stage a breakdown to cash out an insurance policy, it would surely be Kanye West, right?

Six hours after announcing the cancellation of his tour, Kanye was handcuffed to a stretcher and hauled off to UCLA Medical Center for psychiatric evaluation.

The rapper/designer not only reportedly lost around $30 million for his cut of the remaining concerts, but he’s not off the hook for venues and others with whom he made contracts. However, his psychosis diagnosis may provide him with a way out.

via KOWB:

TMZ has learned that Kanye had an insurance policy that covered him in the event illness prevented him from performing. The policy provides the insurance carrier will pay Kanye for not only the money he’d make but the money he was obligated to pay others if “accident or illness … prevents any Insured Person from appearing or continuing to appear in any or all of the Insured Performance(s) or Event(s).”

Translation … Kanye’s doctor laid the groundwork for filing a claim under the policy.

So, wow. I mean, I don’t understand the move, nor do I think it’s true, but if anyone were to pull a move like this, it’d be none other than Mr. West.

[h/t KOWB]

Related TopicsNews Kanye West
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