Kanye West recently cancelled the remaining dates for his Saint Pablo Tour, just one day after he went on a 20 minute rant in Sacramento and 6 hours before he was admitted into a hospital.
Kanye’s private physician called the police earlier this week, asking that the rapper be taken to UCLA Medical Center for psychiatric evaluation. According to the physician, Kanye was exhausted and suffered from sleep psychosis, a mental disorder in which severe sleep deprivation causes his thoughts and emotions to become so impaired that contact is lost with external reality. Kanye was handcuffed to a stretcher and hauled to UCLA Medical Center after being placed on 5150 psychiatric hold.
When Kanye cancelled the remainder of his tour he lost $30 mil for his cut of the remaining concerts. He’s also on the hook for venues and others with whom he made contracts. Kanye may not have to come out of pocket, however. His insurance policy may save his pockets.
According to TMZ, 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).”
If this is a preexisting condition that Kanye did not disclose at the time he got the policy, the insurance company reserves the right to deny the claim.
Let it be known that it has not been confirmed that Kanye will be using his insurance company to pay the amount he’s obligated.
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