I am no expert in this, just in the learning stages myself, but check out youtube viddeos on fiberglass over foam. Polyester resin acts as a solvent and will melt white polystyrene foam (styrofoam), and from the videos I have seen, also XPS foam (pink insulation foam board). Polyiso foam such as R-Max is reportedly immune to this, but is more brittle than XPS.
If you want to go fiberglass over foam construction, and have the budget for it, it seems the best method is to use XPS foam, a fairly heavy fiberglass woven roving coth, and epoxy resin. The issue is the epoxy resin is about twice the cost of polyester fiberglass resin.
Using Amazon / Home Depot prices here we go...
PMF approach, canvas and gripper...
9x12 Canvas Drop Cloth
https://amzn.to/2N7GDGk $19.95
5 gallon gripper primer.
https://www.homedepot.com/p/PPG-Gripper ... /306920688 $108.00
XPS foam (pink foam) 1" x 4x8
https://www.homedepot.com/p/Owens-Corni ... /207179253 $19.98
Fiberglass cloth instead of canvas...
Simond's Fiberglass Woven Roving (18 Oz, Plain Weave) (50" x 36 ft. / 12 yd. Long)
https://amzn.to/2Lp82kP $57.49
Epoxy resin option.
Clear Marine Epoxy Resin, 1.5 gal Kit
https://amzn.to/34yojLY $89.99
XPS foam (pink foam) 1" x 4x8
https://www.homedepot.com/p/Owens-Corni ... /207179253 $19.98
Polyester resin option.
Polyester Fiberglass Laminating Resin ,Gallon with Hardener
https://amzn.to/34AVq1z $44.99
Polyiso foam board. 1" x 4x8.
https://www.homedepot.com/p/Thermasheat ... /100549260 $21.52.