Who pays the deposit insurance premium? 03 February 2021 11:00 Updated The Renter(s) As this is a replacement to a traditional cash deposit, it is the responsibility of the renter to pay the DepositFree™ insurance. Related articles Do you require a letting agents to work with Canopy exclusively? How do claims work? What does the policy cover? How do claims work? Do you offer commission to letting agents? Comments 0 comments Please sign in to leave a comment.