based on the fact that if the company feels you are too much of a risk they have the option of canceling your policy. Then you are out of luck since then most likely your pet will have preexisting conditions. This is one reason I chose to go with pet plan for my other two pets.They did pay quickly for my cat but unless you are familiar with vet costs the limits they offer per incident are too low and they have lifetime caps. I went with Pet Plan for my other two pets and am very pleased with them. No lifetime limits and has $20,000 year cap which refills each year.