The performer cancelled the rest of his tour as a result of reported mental health problems.
Media reports suggest that the Kanye West insurance payout could be as high as $30 million following his tour cancellation. The hip hop celebrity announced the cancellation of the remainder of his tour as a result of health struggles. He was hospitalized last week following an incident while he was at his trainer’s house.
Reports indicated that the police had been initially called for a domestic disturbance, later deemed a medical emergency.
The star was at his personal trainer Harley Pasternak’s home when he experienced a psychiatric episode. That event occurred mere hours following the cancellation of the rest of his Saint Pablo tour. He had already cut short a Los Angeles performance the weekend prior. Ahead of walking off on that concert, he had been heard railing about his friends Beyonce and Jay Z. While he may have lost millions for cancelling the tour, the Kanye West insurance claim expected to be filed will likely cover the vast majority of it.
An insurance policy covering Kanye West’s earnings losses against accident or illness could pay him upwards of $30 million. That is the amount estimated by news sources regarding the income he would have lost as a resort of the amputated tour.
The Kanye West insurance policy reportedly covers him if a performance or event is cancelled due to illness.
That said, there are certain possibilities that could stop West from being able to cash in on his insurance policy. For instance, if he did not disclose a pre-existing medical condition to the insurance company, this could negate his protection against illness. Moreover, most policies will not provide celebrity insurance against “unreasonable or capricious behavior”.
That said, if the hip hop superstar has suffered this mental health emergency as a result of the pressures of the many combined strains in his life at the moment, his coverage may remain intact. As he was on tour, his schedule has been very tight. Moreover, Kim Kardashian, his wife, was attacked in an armed robbery in October. Should that type of condition have led to the hospitalization, then the Kanye West insurance claim may be honored.