1, with different properties.
Guarantee is a system of performing debts; Insurance is a kind of contract behavior.
Guarantee in the guarantee law is also called creditor's right guarantee, debt guarantee and debt guarantee, which is a general concept. It is a promise and a constraint on the behavior of the guarantor and the guaranteed. Guarantee generally occurs in economic behavior. If the guarantor fails to fulfill his promise, the guarantor will generally fulfill his promise first on behalf of the guarantor. Generally, there are oral guarantee and written guarantee.
The insurer shall be liable for the property losses caused by possible accidents as agreed in the contract, or the insured shall be liable for the payment of insurance benefits when he dies, suffers from disability or illness or reaches the age and time limit agreed in the contract.
2. Different roles
The social and economic function of creditor's rights guarantee is to promote financing and commodity circulation; Insurance has the functions of economic compensation, financial intermediary and social management.
Creditor's rights guarantee mainly plays the role of financing through the media. The two functions of insurance are an organic whole. The function of economic compensation is the basic function, and it is also the most remarkable feature that distinguishes insurance from other industries.
3. Different types
Guarantee contracts include guarantee contracts, mortgage contracts, pledge contracts and deposit contracts; Commercial insurance can be roughly divided into property insurance, personal insurance, liability insurance, credit insurance, subsidy insurance and marine insurance. A guarantee contract can be a written contract concluded separately, including letters and faxes of a guarantee nature between the parties, or it can be a guarantee clause in the main contract.