Kanye West could end up saving the $30 million he lost cancelling his Pablo tour after taking out an insurance policy that ‘covers him if illness stops him from performing’

Kanye West could end up with a $30 million payout after the rapper reportedly took out an insurance policy that covered him in case illness prevented him from performing. 

The rapper was admitted to UCLA Medical Center in handcuffs on Monday – just hours after cancelling the remaining dates on his Saint Pablo tour.

The policy he took out with his insurance company will cover the $30 million the cancelled shows are expected to cost him, TMZ claims.

He is reportedly covered for the money he was set to make, as well as what was owed to others, if the illness ‘prevents any Insured Person from appearing or continuing to appear in any or all of the Insured Performance(s) or Event(s).’ 

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Kanye West could end up with a $30 million payout after the rapper reportedly took out an insurance policy that covered him in case illness prevented him from performing

Kanye West could end up with a $30 million payout after the rapper reportedly took out an insurance policy that covered him in case illness prevented him from performing

The insurance company can deny a payout if Kanye has a pre-existing condition he failed to disclose at the time the policy was given.

It is not clear if the rapper was suffering from anything prior to his hospitalization this week. 

Kanye had a psychotic break at his personal trainer Harley Pasternak’s home and his doctor feared he would hurt police as he allegedly screamed about people trying to kill him, it has been revealed.

His personal doctor called 911 around 1:20pm, when the Fade rapper started acting ‘erratically’ – just hours after cancelling the remaining dates on his Saint Pablo tour, which was scheduled up until New Year’s Eve in Brooklyn.

Dr Michael Farzam told emergency responders that he was placing West on a 5150 hold, which allows a physician to forcible admit a person with a mental disorder to the hospital, because he attacked a staff member at the residence/gym.

It has been reported that West tried to resist paramedics, and had to be handcuffed to the stretcher as he was taken to UCLA Medical Center for a psychiatric evaluation. 

Kanye, pictured in October, cancelled the remaining dates on his Saint Pablo tour on Monday before he was hospitalized. The insurance policy he took out may  cover the $30 million the cancelled shows are expected to cost him

Kanye, pictured in October, cancelled the remaining dates on his Saint Pablo tour on Monday before he was hospitalized. The insurance policy he took out may  cover the $30 million the cancelled shows are expected to cost him

The rapper was admitted to UCLA Medical Center in handcuffs on Monday - just hours after cancelling the remaining dates on his Saint Pablo tour

The rapper was admitted to UCLA Medical Center in handcuffs on Monday – just hours after cancelling the remaining dates on his Saint Pablo tour

West's wife Kim Kardashian (pictured in August) was in New York when he was hospitalized and she immediately got on a plane to fly back to LA

West’s wife Kim Kardashian (pictured in August) was in New York when he was hospitalized and she immediately got on a plane to fly back to LA

West’s wife Kim Kardashian was in New York at the time and immediately got on a plane to fly back to LA to be at her husband’s bedside.

She was scheduled to make an appearance at the Angels Ball with her sisters Monday night, her first public event since being robbed at gunpoint in Paris last month.

On Monday, Kanye’s concert promoter, Live Nation, had announced he was axing the remaining 22 gigs on his national tour without giving a reason.

The announcement came just two days after the 39-year-old music artist had walked off stage 30 minutes into his performance following an incoherent political and personal rant.

West took aim at Hillary Clinton, close friends Beyoncé and Jay Z and Mark Zuckerberg in the bizarre outburst while on stage in Sacramento on Saturday. 

Kanye is reportedly covered for the money he was set to make and pay others if the illness prevents him from performing

Kanye is reportedly covered for the money he was set to make and pay others if the illness prevents him from performing

Now friends say the rant is more than just another dramatic tantrum from the rapper known for his outspoken opinions – and even his famous wife has had enough. 

‘Kim is fed up,’ a close friend tells DailyMail.com. ‘They’ve been bickering constantly – she didn’t want Kanye to do the tour in the first place. She wanted him by her side as she recovered from her traumatic robbery in Paris.

‘She lost days with him while he’s touring and then he made a rash decision to end the concert after ten minutes and go on a rant.

‘He had a psychotic break. Kanye is very hot tempered and he’s very reactionary. A lot of times, he speaks before he thinks and he’s very sensitive.’