“Fact is, there are millions of dollars on the line now, and if anything happens to her major assets it could result in an epic loss of profits,” a source told the website.
The outlet reports a policy for a music superstar like Carey doesn’t come cheap, with the policies costing $US35 million each — a total of $US70 million.
In addition, each policy has a high premium, apparently costing thousands of dollars, but Carey and her team are said to believe it’s worth it.
This isn’t the first time it’s been alleged that the singer has taken out insurance on a part of her body.
Back in 2006, she is said to have insured her legs for $US1 billion after becoming the face of shaving company Gillette’s Legs of a Goddess campaign.
A source said at the time: “The sum reflects her popularity. She’s about to start a US tour and she’ll have to be careful.”
Carey is currently making plans to marry Australian billionaire James Packer. The pair are said to be hoping to tie the knot in August.
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