NFU mutual car insurance or GAP insurance?

2
Found 19th Feb 2016
I am about to lease a car for the first time and was looking into insurance and GAP insurance .NFU mutual now offer New car replacement if your vehicle is less than 2 years old from the date of first registration, is a UK specified model and damaged beyond economical repair. Taken from the policy document "Hiring and Leasing.If the CAR is the subject of a hire-purchase or leasing agreement and WE can identify the legal owner of the CAR,WE will make any payment for the total loss or destruction of the CAR to the legal owner". My question is, on a 24 month lease, is this cover as good as taking out a separate GAP insurance? Or would you still recommend separate car and GAP insurance.
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would check the T's & C's of the NFU mutual insurance before committing to it. Most if not all insurance companies that offer new car replacement only offer it if you have bought the car outright or if at the end of the finance agreement in place you own the vehicle. Which you don't at the end of a lease agreement.l
Taken from the NFU Mutual Policy Wording:

WE will only replace YOUR CAR if
a) YOU own the CAR or are buying it under a hire-purchase agreement or other type of agreement where ownership of the CAR will pass to YOU and
b) the hire-purchase company agrees.
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