Kanye West's team must be happy about this!
As you surely know, the All Day rapper made headlines earlier this week when he was hospitalized at the UCLA Medical Center for a psychiatric evaluation. Of course, this hospitalization came shortly after the A-lister cancelled the remaining dates of his Saint Pablo tour.
Related: Kim Is By Kanye's Side!
And while it's said 'Ye lost out on making $30 million by bailing on the last leg of his tour, the Famous artist may actual make millions from this medical emergency. Confused? Let us explain!
Although Yeezus could be in some hot water with the venues he cut contracts with for the concert dates, West had a legal safety net in place in case of an emergency. Yup, according to TMZ, Kanye has an insurance policy which covers him if an illness prevents him from performing. Smart move!
Related: John Legend Speaks Out About Kanye's Hospitalization
Reportedly the 39-year-old's insurance company will pay not only the money he missed out on, BUT will also cut a check for those West owes money to too. The policy states that 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)."
Look, everything has a silver lining! Still, North West's poppa isn't guaranteed the money as the insurance company can deny Kanye the coverage if the controversial celeb didn't disclose any medical problems when his policy was issued. Not to mention, the insurance carrier will probably investigate if the father-of-two's illness was sparked by any "unreasonable or capricious behavior".
We doubt the company will be investigating for very long, especially since Kanye's breakdown has been well documented these last few days. Nonetheless, we're just hoping West is getting some much needed rest and relaxation!
[Image via WENN.]
Tags: business blitz, kanye west, kim kardashian, legal matters, mental health, tour