With Verizon, may I combine my upgrade and insurance claim on my phone to reduce price of new device?

IT Ninja

New member
My phone is not functioning properly, and I have full insurance coverage on it with only a $90 deductible, and my upgrade point is passed. The phone I would like is $300 with two year contract, can I combine this with my insurance policy for my malfunctioning Droid X.
 
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