Rumor: Mary-Kate Olsen’s Fashion Insurance
June 21, 2008 by Erin Balser
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.”
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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?