Kanye West's hospitalization could lead to hefty insurance payout for canceled shows

Kanye West on stage (New York Daily News)

Kanye West's recent hospitalization could lead to a hefty payout, according to reports.

The "Famous" singer has an insurance policy in place that covers him if an illness prevents him performing — and it takes care of not only the money he would have made, but also what he owes, according to TMZ.

West reportedly lost $30 million for canceling the shows — which were slated to wrap up with a New Year's Eve show at Brooklyn's Barclays Center — and he is also on the hook for even more cash owed to venues and other vendors.

The insurance company could deny coverage if there was a previous condition that was undisclosed or if the illness was caused by "unreasonable or capricious behavior," according to TMZ. However, it is unclear if West was suffering from anything prior to this week.

Kanye West’s doctor warned cops the rapper could turn violent

22 photos view gallery

Kanye West's most outrageous moments

 

The rapper canceled the remainder of his tour on Monday, just hours before he was hospitalized for his own "health and safety" after he began behaving erratically during an examination for sleep deprivation at his trainer Harley Pasternak's home.

 

Sources told the gossip site that he's "just exhausted."
"He's been working around the clock on fashion design, both his own line and the Adidas line," the source said.

His mother-in-law Kris Jenner also said the stresses of the tour really started to weigh down on the "Can't Tell Me Nothing" rapper.

Kanye West ‘can’t handle it’ without Kim to rely on after robbery
"(I think he's) just really tired," she told Entertainment Tonight. "It's a grueling tour."
Not to mention he's been spending a considerable amount of time away from his wife Kim Kardashian, who was recently robbed at gunpoint and his two young children, which played a factor in his breakdown, sources told TMZ.