We thought we had a leaky port causing wet bunk cushions until our steering cable parted (Just after rounding a bell in a race, reaching off at 9kts in 25kts of breeze). When I went below to see what was happening, (after passing up the emergency tiller), I noticed that a spout of water was shooting up the rudder post and finding its way to the leeward bunk each time we came down off a wave. At
anchor the waterline is below the rudder bearing, so we wouldn''t have known about the problem if we hadn''t been under sail. My point is that there may be more than condensation causing your problem if your cushions are really getting wet.
Many metal boats DO have condensation problems, but these are not limited to just one section of the hull. For them, the solution is to apply foam insulation, as you suggest. I believe Ferenc Mate has a section on it in one of his boatbuilding books. Generally fiberglass boats have less of a problem with condensation, especially if they''re cored hulls, but if condensation is the problem, ventilation and insulation should help.