If you flash your phone, it will pretty much reset it like it came right out of the box. It is just like formatting your hard drive and installing a new OS. However, also note that you will also lose all your contacts, pictures, texts, etc. just like when you format your hard drive on your PC.
The good news is you won't have to even go into Verizon to activate it again. All you need to do is dial *228 on your phone and it will activate and be ready to use.
I hope this is of use to you. Welcome to Gurus.
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