BOSTON – With the FTC estimating that identity theft victims spend an average of $1,000 in out-of-pocket expenses and 175-200 hours to repair their credit, Liberty Mutual has developed Identity Fraud Expense Coverage as an endorsement to a customer's new or existing homeowners policy. The plan provides up to $15,000 per occurrence to pay for expenses incurred as a direct result of identity theft. The endorsement costs $25 per year, and comes with a $250 deductible per occurrence. Coverage ranges from attorney fees and employer-documented lost wages for time away from work to meet with law enforcement officials or lawyers, to loan application fees when reapplying for a loan that was rejected due to credit fraud and related long-distance telephone calls to agencies, creditors and merchants. Liberty Mutual Identity Fraud Expense Coverage is currently available in 45 states and the company expects to have it approved in all states by the end of the year.