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Michael Jackson's Insurance Policy Void?!

| Filed under: DrugsMichael Jackson

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They should've known better!!

The Lloyd's of London insurance policy taken out by concert promoter AEG to cover costs in the event that Michael Jackson could not perform his London concerts, may not be valid, as it did not cover death due to illegal drug use.

Oops!

According to the L.A. Times, "This insurance does not cover any loss directly or indirectly arising out of, contributed, to, by or resulting from … the illegal possession or illicit taking of drugs and their effects."

The policy, which covered $17.5 million, only reimbursed losses resulting in an accident. The popstar's death would have been covered if he had undergone a second physical.

Better to be safe than sorry!

AEG claims to be in the hole for $30 million.

Ouch.

[Image via WENN.]

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29 comments to “Michael Jackson's Insurance Policy Void?!”



  1. 1

    Only a matter of time till they sue his estate



  2. 2

    Well, we all knew this was bound to happen. They had made this statement earlier.



  3. 3

    Sucks to be them…



  4. 4

    is this that reporter that bill clinton got freed from north korea?



  5. 5

    So stupid . Can't they read policies before signing a contract ?



  6. 6

    huh… :(



  7. 7

    The doc that likely administered the lethal dose was on their payroll. I doubt they will have a chance at suing the estate before the estate sues them first.



  8. 8

    Re: iluvselenagomezsomuch – WTF are you talking about man? I think you need to go to the Selena Gomez or Miley Cyrus page.. These pages are for ppl with more than a 2 digit IQ.. Oh and you have to be older than 6.. Sorry boo.. Maybe next year… Lol



  9. 9

    Re: SarahFair – damn you are beautiful



  10. 10

    Re: SarahFair – Agree… Give it time, and it'll be all over the media…



  11. 11

    the doc's malpractice policy might cover it anyway— depends how everything shakes down, illegal, illicit, or just careless. malpractice would cover at some level.



  12. 12

    Re: Nero007 – True… But I doubt they were prepared for that to happen lol.. Kind of a random situation to have happened to them..



  13. 13

    Re: LizardKinG – Hey King.. I miss ur funny comments!! Come on bud!! Guess you need something to work with to be funny.. Perez you bitch come up with some good shit so the King can make me some funnies to enjoy at work!!



  14. 14

    THE DRUG IS NOT ILLEGAL IF HE WAS GIVEN A PRESCRIPTION. IT WAS ILLEGAL FOR THE DOCTOR TO PRESCRIBE. NOT FOR MIKE TO TAKE. MICHEAL IS NOT REQUIRED TO KNOW BETTER. HE IS NOT A DOCTOR. BIG FUCKING DIFFERENCE. THE FAULT IS ON THE DOCTOR NOT THE PATIENT. POLICY IS NOT VOID.



  15. 15

    sorry to say, but insurance…they love to screw all of us over.



  16. 16

    well…maybe not all of us. But a whole freaking lot of us.



  17. 17

    Perez don't just copy and paste everything you see w/o really paying attention to the details first. AEG know's that the drug that killed Michael was not an illegal drug. Like someone else said on here, they are going to have to take up this matter w/ Dr. Murray b/c he used the drug knowing that it was not to be used, especially out of an hospital setting. Michael's estate wouldn't be liable, his estate would have been liable had he been taking heroin for example, and due to that overdosed or something. And the policy that AEG took out on Michael was fishy from the jump. AEG can "claim" to be in the hole, but the truth is that millions of fans opted to receive their concert tickets instead of a refund, and though Michael's estate will be receiving a good amount of money from the rehearsal footage/movie, AEG will be getting paid from that, and other things as well.



  18. 18

    JUNKIES NEED NOT APPLY!



  19. 19

    Re: Reefer
    Well I hope the estate sues them then! Ughh Im just so angry/upset about his death.. :(

    Re: JigSaw
    haha thanks



  20. 20

    Re: QUEEN FOR A KNIGHT – Remember hater these were your exact words just days ago, and I quote…
    "I MAKE A MISTAKE ABOUT MICHAEL JACKSON.THEY FOUND BLACK MAIL NOTE IN BETWEEN THE MATRESSES.HE WAS NOT A DRUG ADDICT OR A PEDOPHILE.HE TOOK ASPRIN FOR HIS BACK,PLEASE FORGIVE ME ALL OF U!"

    Did you forget? or did you have a situation like "kissmyassobama" where someone allegedly stole your computer, logged on to this site, and pretended as if you were the one who really typed the above?? You guys are so strange..



  21. 21

    Re: MJ fan59 – #20 IT WAS A JOKE MAN .LIGHTEN UP.READ MY OTHER STUFF AND LET ME KNOW IF U THINK AM I BEING SARCASTIC.I THINK YOUR JUST LOOKING FOR SOMEONE TO JUMP ON SO GO FU@K WITH SOMEONE ELSE AND QUITE BEING A LITTLE PEREZ BITCH!!!!



  22. 22

    Re: QUEEN FOR A KNIGHT – Angry are we?? temper, temper. And I don't think you were being sarcastic, I think you were finally expressing your true feelings. A person who truly dislikes or hates a person, wouldn't go out of their way to appear on anything that has to do with that person, especially if that person is no longer living. You haters post more comments then us fans, so how about you go back and read some of your own comments…. You haters try to dish it, but can't take it. "I THINK YOUR JUST LOOKING FOR SOMEONE TO JUMP ON" Wrong! Your the one who is in constant search of an MJ posting. Are you upset at the fact that I replied to your comment? Isn't that what the "reply to this" option is put on this site for?? Stop your crying….



  23. 23

    Insurance companies will think of any reason not to pay a claim. I thought the insurance covered him if he overdosed! I don't think AEG deserves any money anyway they were taking advantage of MJ.
    **RIP MICHAEL JACKSON**



  24. 24

    Listened to Stevie B today and for some reason his music reminds me of you!



  25. 25

    YOU ARE SO IMMATURE AND SENSITIVE.AT FIRST I THOUGHT YOU WERE OK! BUT NOW I KNOW YOUR JUST A LITTLE BITCH WHO GET'S UPSET IF SOMEONE SHOULD DARE VOICE HIS OPINION THAT DOSEN'T AGREE WITH YOURS.YOU WRITE POST AFTER POST BECAUSE YOU CANT LET IT GO.I REALLY FEEL SORRY FOR YOU SO KEEP POSTING AND POSTING. HE HAD A BAD DRUG PROBLEM AND HIS FAMILY DID AN INTERVENTION BUT HE SAID I CAN TAKE
    CARE OF IT MYSELF (EGO).HE BEGGED FOR THE DRUGS.THE DOCTOR DIDN'T SAY YOU NEED THEM.AND ONE MORE THING THERE IS NO DIFFERENCE THAN A PERSON TURNING TRICKS FOR HERION OR GOING TO 7 DOCTORS FOR THEIR SO CALLED LEGAL MEDS.THEY ARE KILLING THEMSELVES ONE FIX AT A TIME.AND DON'T GIVE ME THIS SHIT HIS BACK HURT AND HE NEEDED IT.YOU SAW HOW FANTASTIC HIS DANCING WAS HOURS BEFORE HE DIED.BUT YOUR GOING TO BELIEVE WHAT YOU WANT TO BELIEVE .BECAUSE IN YOUR EYES MICHAEL JACKSON COULD DO NO WRONG!!!!!!!



  26. 26

    Re: QUEEN FOR A KNIGHT – This might be a wild guess… But I have a feeling that your last post was aimed at me. I give you props for trying, but you couldn't be any more wrong about me. And thanks for your concern **me actually being sarcastic** but I will continue as you call it "posting and posting" as will you. "BECAUSE IN YOUR EYES MICHAEL JACKSON COULD DO NO WRONG!!!!!!!" And if you had read any of my past post you would have seen that I acknowledged the fact that Michael was human, and humans do make mistakes. And his dancing that was shown shortly before his death, was footage of him and his dancers going thru the motions during REHEARSALS, be patient for the rest of the footage why don't yah…. And his back hurting isn't sh**, I didn't mention anything about him having physical pain (though it's possible he had some). He enlisted the help of Dr. Murray for sleep.



  27. 27

    The continuing saga of MJ's death is more entertaining than ANYTHING he did since "Shake Your Body (Down To The Ground)".



  28. 28

    but somehow they DID cover drug overdose… fishy fishy!!!
    and there are reports about MJ having a second fysical.. damn all these contradicting stories!!



  29. 29

    Well, let's see: MJ hired a doctor to give him drugs that are legal, and the doctor screwed up and MJ died. How is that not an accidental death? Don't listen to the insurance company propaganda. I predict they will pay.