I'm using Ala next, half price of dealer with same cover.

I have no experience of how well they deal with claims.

So if it gets stolen, written off, etc in those 4 years, we get a cheque for £34k. It ignores depreciation.

Strictly speaking you get two cheques. One from your insurer for 'market value' and another from the GAP insurer to top that sum up to £34k.

Check your insurance policy too. My insurer gives like for like replacement on a new car for first year.

That's important! No point buying GAP insurance for that year.

Are you sure all new cars with comprehensive cover are replaced with new during the first year, when depreciation is at it highest?

GAP insurance is a way of giving a dealer a load of money for no good reason IMHO.

Insurer with care and get a new car if under 1 year old use some off the money you would have spent on GAP insurance.

So if you had a rightoff after 2 years then you will have enough money to buy a 2 year old car. Which is whay you had lost. So no benefit at all

Further most likely if you purchased on credit, The insurance company will have paid the lease company anyway, so your going to need a new lease/credit deal.

Bought GAP through GAP123 for my Leon and the wifes Note.

Paid for 4 years with the first year deferred so get 5 years cover in total.

Its back to invoice cover, replacement with new was slightly more expensive.

Cost about £120 for each car which was 1/3rd of dealer price for longer cover.

Never had it before but since wife is now retired and I plan to retire later this year money will become tighter and risks need to be covered where the cost is reasonable.

All these policies exclude dangerous driving, drink driving etc so the idiots don't get a penny (hopefully).

I notice that HJ has ALA GAP insurance on the 'deals of the week' currently.

10% off, code 'HJ65'