Homeowners Choice, Inc. Files Registration Statement on Form S-1 With
The U.S. Securities and Exchange Commission

PORT ST. LUCIE, Fla. – (April 30, 2008) - Homeowners Choice, Inc. (or the “Company”) (http://www.hcpci.com) today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed public offering of up to approximately $10 million.

The offering of units consists of one share of its common stock and one warrant. Two warrants may be exercised to purchase one share of the Company’s common stock. The Company’s placement agents will be selling the units on a minimum/maximum “best efforts” basis.

Homeowners Choice, Inc. intends to use the net proceeds from the public offering for general corporate purposes, including, but not limited to, increasing the statutory capital and surplus of its insurance subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc.

The offering of these securities will be made only by means of a prospectus.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement for such securities becomes effective.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Homeowners Choice, Inc.
Homeowners Choice, Inc. is an insurance holding company which, through its insurance subsidiary, engages in the sale of property and casualty insurance products to individuals. Homeowners Choice, Inc.’s business involves distributing, underwriting and servicing homeowners’ insurance policies, condominium-owners’ insurance policies and tenants’ insurance policies in Florida. The Company is currently headquartered in Port St. Lucie, Fla.

This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, the anticipated completion of the offering and the anticipated use of proceeds. In addition, words such as “intends” and “expects” and similar expressions are intended to identify forward-looking statements. Actual events or results may differ materially from the forward-looking statements. Factors that might cause such a difference include, but are not limited to: (i) our inability to secure investors; (ii) our inability to ensure payment for the sale of securities in the offering; (iii) other conditions outside of our control; and (iv) other risk factors expressed from time to time in our registration statements and reports as filed with the U.S. Securities and Exchange Commission.

Forward-looking statements in this press release represent Homeowners Choice, Inc.’s judgment as of the date of this press release. Homeowners Choice, Inc. undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.