It looks like Kanye West's breakdown may save him millions of bucks ...

Six hours before being handcuffed to a stretcher and taken to UCLA Medical Center for psychiatric evaluation, Kanye cancelled the rest of his Saint Pablo Tour -- which lost him $30 million for the remaining shows, in addition to owing venues and others with whom he has contractual obligations with.

Two days ago, we mused that Kanye's well-timed breakdown was a possible way for him to get out of his concert contracts. Without a medical diagnosis -- he'd likely be in breach of contract, which means he'd be in the hole for the money himself, but if a doctor deems him unfit to perform then Kanye may be able to get out of owing back the big bucks.

And it looks like that's very much the case! TMZ is reporting that Kanye took out an insurance policy that covered him in the event that an illness prevented him from performing.

Apparently, the policy provides that the insurance carrier will pay Kanye for not only the money he would have made but also the money he was supposed 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)." So that means the insurance company could owe him!

And that means by putting him under a psychiatric hold, Kanye's doctor has laid the groundwork for him to file a claim under his policy. Wow!

Interestingly enough, the insurance company can deny the claim if Yeezy had a preexisting condition that he didn't disclose at the time the policy was issued. He can also be denied if his illness was caused by his "unreasonable or capricious behavior."