So you could go out buy a new £48k BMW M3 CASH

then get it .. I mean it gets nicked after 2.5 years and your insurer writes you a cheque for market value, £27kish

You are telling me GAP will then write out a further cheque for £21k ish (max claim25k)

SO you have had 2.5 years motoring in a heavily depreciating car for nothing (bar fuel insurance servicing etc)... Jesus why did I buy the ECos

There would be next to no cars on the secondhand market at all!!! those that are will be stolen/recovered

The rest would be in the english channel