This is the exact error

Unable to send or receive messages for the Hotmail (staceyzable) account.

Server Error: 5102
Server: 'https://mail.services.live.com/DeltaSync_v2.0.0/Sync.aspx'
Windows Live Mail Error ID: 0x8DE00002

 If I delete my account and add it again do I lose all the existing emails/folders that I have?