What context can I use each word in?
Learn when and how to use these words with these examples!
insurer
Example
I need to contact my insurer to file a claim for the car accident. [insurer: noun]
Example
The insurer will cover the cost of the medical treatment for the injured worker. [insurer: noun]
Example
The insurer agreed to pay for the damages caused by the fire in the building. [insurer: noun]
guarantor
Example
The bank requires a guarantor for the loan application. [guarantor: noun]
Example
My parents acted as guarantors for my apartment lease. [guarantors: noun]
Example
The company's reputation served as a guarantor for the quality of its products. [guarantor: noun]
Good things to know
Which word is more common?
Insurer is more commonly used than guarantor in everyday language, as insurance policies are more prevalent and widely used than loan guarantees. Insurer is also a more established and regulated industry, while guarantor may vary in its requirements and terms depending on the parties involved.
What’s the difference in the tone of formality between insurer and guarantor?
Insurer is typically associated with a formal and professional tone, as it involves a legal and regulated industry. Guarantor, on the other hand, may be used in both formal and informal contexts, depending on the nature of the agreement and the parties involved.
