Rumor: Mary-Kate Olsen’s Fashion Insurance

Star Magazine is reporting that Mary-Kate Olsen has taken out an insurance policy to protect her wardrobe. According to the magazine, her wardrobe is worth over $2 million and she wants to protect it.

“MK has pieces that over $25,000 each,” their source says. “She has a vintage Chanel bag that’s worth over $40,000.”

Image details: Calvin Klein Presents New Collection served by picapp.com

I think this makes sense and is probably a smart move for MK. With as many designer and unique items she owns, her wardrobe can easily be seen as an investment.

Do you think MK really did this? And, if so, was it a smart move?

Comments

By m.x

I want her closet so badly

By cait

normally, id think it was really stupid, but being as that her clothes are worth so much, its a smart decision.

By Regis

Makes sense. You can get a lot of tiny burn holes in your clothes from smoking a lot of crack.

By evi

http://fashionista.com/2008/06/net-a-porter_buys_mk-and-a.php