Grammy-winning rapper Kanye West‘s publicized hospitalization may have just taught every American the importance of insurance. New reports claim his coverage plan may help him avoid a $30 million loss as a result of nixing his Saint Pablo tour.
According to reports, Ye’s psychiatric evaluation and medical scare could be all he needs to save millions.
TMZ has learned … 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. (TMZ)
A few days ago, reports surfaced about Ye pulling the plug on his nationwide run.
Meanwhile, LA Times reporter Gerrick D. Kennedy reports that this might extend beyond Sunday’s Los Angeles tour stop, claiming that Kanye told his crew he intends to cancel the rest of the U.S. leg of his tour. However, this has not yet been confirmed by Kanye himself, and as Complex points out, none of the show dates have yet been canceled on his official Ticketmaster page. (Cosmopolitan)
Just got word from a source that @kanyewest informed his crew that remaining dates of U.S. #SaintPabloTour are nixed.
— Gerrick D. Kennedy (@GerrickKennedy) November 21, 2016
Earlier in the week, Kanye shocked fans after deciding to nix a Los Angeles Saint Pablo tour stop.
Sources tell TMZ the rapper is taking a breather to deal with personal issues. Kanye’s week took several interesting turns after he first announced his support for Donald Trump at Thursday’s San Jose show, and then two days later dissed Beyonce and Jay Z from his floating stage. The concert tonight was already a rescheduled show from earlier in the month when he decided to cut it short and stormed off the stage. (TMZ)
Last weekend footage surfaced of Kanye publicly blasting his former pal Jay Z during a live concert.