How does Verizon protection go? Read please?

I slightly crack my iPhone 7 Plus screen, it's not bad but it isn't good I'm with verizon phone service and I do protection. How will this go? I get the new phone and then send the old one back or get to keep it as well? If I can't keep to old one do they at least make me keep the iPhone until the new one comes?

You send the damaged one back

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