If Kanye West Is Diagnosed With Mental Illness, He Could Get A $30 Million Insurance Payout

Kanye West Insurance

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On Monday night, after a string of controversial concert appearances and cancelling the rest of his “Saint Pablo” tour, Kanye West was hospitalized in Los Angeles. Just six hours after cancelling 21 shows across the U.S., West was hauled off to UCLA Medical Center for psychiatric evaluation when his doctor called 911. According to Dr. Michael Farzam, West was placed on a 5150 psychiatric hold after he started acting erratically and tried to assault a staff member at the gym.

Needless to say, the popular rapper is going through a rough patch, but according to TMZ, there could be a silver lining.

By cancelling the rest of his tour, West reportedly lost an estimated $30 million due to venue contracts and various others he had put in place. However, West also had an insurance policy that covered him in the event that an illness prevented him from performing. The policy says that the insurance carrier will pay West for not only the money he would have made if he performed, but also 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).”

In other words, the fact that Farzam called 911 gives West the opportunity to file a claim under the policy. However, the insurance company can deny coverage if West had a preexisting condition that he didn’t disclose at the time the policy was issues, or if his illness was cause by his “unreasonable or capricious behavior.”

Regardless, we hope he makes a speedy recovery.

[H/T: TMZ]

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