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June 24th, 2008 | Cheryl

MK Olsen Insures Her Designer Wardrobe

Someone certainly has a high opinion of her wardrobe. It is rumoured that Thing 1 of the twin trolls, Mary-Kate Olsen, has taken out an insurance policy on her $2 million heap of rags… err… designer wardrobe. This action protects the supposedly sacred clothes, from theft or natural disaster-related causes. Theft! HA!

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

That trash would be better off as lining for your dog’s bed. For someone who reportedly has a net worth of $100 million or more, insurance seems to be a really big hassle for $2 million, not to mention a item of clothing worth $25,000. El-Cheapo! There is such a thing as buying new rags, but I guess once MK has sufficiently grunged up an outfit, it becomes priceless in her eyes.

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Topics: Fashion Scoops, Faux Pas, Movies & Television

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12 Responses to “MK Olsen Insures Her Designer Wardrobe”

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