Climate Risk Summary

Zip Code 06426, Risk Profile

The primary drivers of climate-related financial risk in Essex Village, CT (06426) are Inland Flooding, Hurricane, and Coastal Flooding.

Understanding the Dollars

Expected Annual Loss (EAL) is a statistical average of property damage for this entire zip code over a standard year across all properties.

  • / It represents the "average cost" rather than a guaranteed yearly bill.
  • / It can be used to compare the relative risk from different hazards and across different neighborhoods.

Primary Risks

Inland Flooding

$1,185,112

Expected Annual Loss for Zip Code 06426

68.0Score

Relatively Moderate compared to US average

06426
Minimal Estimated LossMax Estimated Loss

Hurricane

$161,141

Expected Annual Loss for Zip Code 06426

78.8Score

Relatively Moderate compared to US average

06426
Minimal Estimated LossMax Estimated Loss

Coastal Flooding

$58,840

Expected Annual Loss for Zip Code 06426

75.7Score

Relatively Moderate compared to US average

06426
Minimal Estimated LossMax Estimated Loss

Zip Code Risk Map

Legend
Very Low
Low
Moderate
High
Very High
Extreme

Financial Risk Inventory

MAJOR DRIVER
Inland Flooding
$1,185,112
Score: 68.0
MAJOR DRIVER
Hurricane
$161,141
Score: 78.8
MAJOR DRIVER
Coastal Flooding
$58,840
Score: 75.7
Earthquake
$44,874
Score: 51.3
Tornado
$28,231
Score: 31.3
Strong Wind
$14,908
Score: 37.2
Lightning
$8,415
Score: 31.6
Cold Wave
$8,073
Score: 21.1
Ice Storm
$6,816
Score: 49.3
Heat Wave
$4,672
Score: 4.2
Winter Weather
$2,437
Score: 41.0
Hail
$646
Score: 12.5
Wildfire
$380
Score: 49.9
Landslide
$115
Score: 79.3

Recommended Mitigation Strategies

Recommended investments to protect your property value and reduce insurance liability based on your local risk profile.

💧Medium Investment

Inland Flooding Mitigation

Install a smart sump pump with battery backup and extend downspouts 10ft from foundation.

Risk Score: 68.0
🌀High Investment

Hurricane Mitigation

Install permanent hurricane shutters or upgrade to impact-resistant windows.

Risk Score: 78.8
🏠Low Investment

Coastal Flooding Mitigation

General property maintenance and insurance review recommended.

Risk Score: 75.7

Methodology and Sources

Spatial Aggregation

Our "Atlas" risk scores are derived using a population-weighted spatial join. Because US Zip Codes and Census Tracts do not share perfectly aligned boundaries, a simple geographic average would be misleading. We utilize US Census Block Group population statistics to identify where residents actually live within a Zip Code. We then intersect these points with FEMA National Risk Index (NRI) hazard data to calculate a weighted exposure score.

Financial Projections (EAL)

Expected Annual Loss (EAL) estimates the average economic impact of natural hazards in dollars per year. This calculation incorporates three components: Exposure (the value of structures and agriculture), Annualized Frequency (historical probability), and Historic Loss Ratio (vulnerability of the area).

Primary Data Sources

Nearby Locations

Zip Code 06409Zip Code 06371Zip Code 06475Zip Code 06417Zip Code 06442Zip Code 06498
06426 Climate Risk Report | Essex Village, CT