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While the answer may depend on who you ask, most contractors would agree that spray foam insulation is a strong candidate for this job as it is effective at repelling moisture and is resistant to biological growth.

When it comes to fiberglass insulation versus foam board, there are a few notable differences, both aesthetically and functionally. Fiberglass insulation is soft and flexible, meaning it can be squeezed into tight spaces more easily than foam board. Fiberglass insulation also has a higher R-value, making it a better pick for colder climates. However, foam board insulation can resist moisture and pest damage much better than fiberglass.

Installing new insulation in a home is worthwhile if your existing insulation is old and has lost some of its insulative capability or if you don’t have insulation installed already. Installing new insulation will boost your home’s energy efficiency, which can reduce your heating and cooling bills and save money on HVAC repair and maintenance in the long run. New insulation also keeps your living space more comfortable, so you and your family will benefit from the work as well. Finally, installing new insulation boosts your home value, making it especially worthwhile if you plan to sell.

Plaster itself has a higher R-value than drywall. However, there are other considerations surrounding plaster and insulation. As a general rule, it's easier to obtain consistency in insulating value and quality when working with drywall rather than plaster. Plaster walls often don't contain any insulation behind the wall covering by design, and careful evaluation is necessary when choosing to add it.