FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * Saravanos Anthony   2. Issuer Name and Ticker or Trading Symbol Homeowners Choice, Inc. [HCII] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 145 NW CENTRAL PARK PLAZA, SUITE 115 3. Date of Earliest Transaction (Month/Day/Year) 07/25/2008 (Street) PORT SAINT LUCIE, FL 34986 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common stock 07/25/2008   P   800 (1) A $ 7 (1) 800 D (2)   Common stock 07/25/2008   P   800 (1) A $ 7 (1) 800 I By Self as Custodian for niece, Elliana Tuite Common stock 07/25/2008   P   800 (1) A $ 7 (1) 800 I By Self as Custodian for nephew, Nolan Tuite Common stock               80,000 I by HC Investment LLC (3)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option (Right to Buy) (4)

$ 2.5

(5)

05/31/2017

Common

30,000

30,000

D

Stock Warrant (Right to Buy)

$ 9.1 (1)

07/25/2008

P

800 (1)

07/30/2008

07/30/2013

Common

400 (1)

$ 0 (1)

400

I

By Self as Custodian for niece, Elliana Tuite

Stock Warrant (Right to Buy)

$ 9.1 (1)

07/25/2008

P

800 (1)

07/30/2008

07/30/2013

Common

400 (1)

$ 0 (1)

400

I

By Self as Custodian for nephew, Nolan Tuite

Stock Warrant (Right to Buy)

$ 9.1 (1)

07/25/2008

P

800 (1)

07/30/2008

07/30/2013

Common

400 (1)

$ 0 (1)

400

D (2)

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Saravanos Anthony 145 NW CENTRAL PARK PLAZA SUITE 115 PORT SAINT LUCIE, FL 34986	X

Signatures

/s/ Cathy J. Welch as Attorney-in-fact for Anthony Saravanos		07/29/2008
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	In connection with the Homeowners Choice, Inc. initial public offering ("IPO"), 800 units were purchased on 7/25/08 at a price of $7.00 per unit, with each unit consisting of one share of common stock and one warrant. Two warrants may be exercised to acquire one share of common stock at an exercise price equal to $9.10 per share. The warrants may be exercised any time after the closing of the IPO up to five years after the July 30, 2008 IPO closing date.
(2)	Shares held jointly with spouse.
(3)	The reporting person holds voting and investment power of the 80,000 shares held by HC Investment LLC.
(4)	The options were granted pursuant to the Homeowners Choice, Inc. 2007 Stock Option and Incentive Plan.
(5)	Commencing on May 1, 2008 and continuing on the same day of each calendar year thereafter through and including May 1, 2010, the amount of 10,000 options will vest and become exercisable on each such annual vesting date.

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