The best replacement for builders risk is installation floater.

The best alternatives to builders risk are rated as following:
★★★★★  installation floater
★★★★  course of construction
★★★★  property insurance
★★★★  general liability
★★  homeowners
★  ocp
★  wrap up
★  hazard insurance
★  general liability insurance
  all risk
  homeowners insurance

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Google Trends

Scale is based on the average worldwide traffic of builders risk in all years. Click on graph for more.
builders risk
installation floater
course of construction