Climate Risk Summary

Zip Code 60133, Risk Profile

The primary drivers of climate-related financial risk in Hanover Park, IL (60133) are Cold Wave, Inland Flooding, and Tornado.

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

Cold Wave

$3,999,100

Expected Annual Loss for Zip Code 60133

91.6Score

Very High compared to US average

60133
Minimal Estimated LossMax Estimated Loss

Inland Flooding

$3,950,519

Expected Annual Loss for Zip Code 60133

31.3Score

Relatively Moderate compared to US average

60133
Minimal Estimated LossMax Estimated Loss

Tornado

$2,214,433

Expected Annual Loss for Zip Code 60133

77.7Score

Relatively High compared to US average

60133
Minimal Estimated LossMax Estimated Loss

Zip Code Risk Map

Legend
Very Low
Low
Moderate
High
Very High
Extreme

Financial Risk Inventory

MAJOR DRIVER
Cold Wave
$3,999,100
Score: 91.6
MAJOR DRIVER
Inland Flooding
$3,950,519
Score: 31.3
MAJOR DRIVER
Tornado
$2,214,433
Score: 77.7
Heat Wave
$830,663
Score: 59.3
Strong Wind
$238,480
Score: 53.3
Earthquake
$168,663
Score: 36.7
Lightning
$57,754
Score: 28.8
Hail
$33,388
Score: 34.0
Winter Weather
$23,481
Score: 48.4
Ice Storm
$10,004
Score: 13.7
Wildfire
$365
Score: 19.3
Drought
$328
Score: 28.5
Hurricane
$284
Score: 14.8
Landslide
$5
Score: 23.8

Recommended Mitigation Strategies

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

🏠Low Investment

Cold Wave Mitigation

General property maintenance and insurance review recommended.

Risk Score: 91.6
💧Medium Investment

Inland Flooding Mitigation

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

Risk Score: 31.3
🌪️High Investment

Tornado Mitigation

Reinforce garage doors and consider a FEMA-approved safe room or storm cellar.

Risk Score: 77.7

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 60103Zip Code 60193Zip Code 60172Zip Code 60108Zip Code 60107Zip Code 60188
60133 Climate Risk Report | Hanover Park, IL