Originally Posted by TheMacBookPro
Seems like you can just call in, pay the deductible and get a replacement phone sent to you. Someone who has actually used the service would be able to tell you more though.
Generally, most carriers will require you to submit to them a police report documenting the theft or lost item. This prevents customers (especially on GSM networks where it is harder to blacklist phones) from simply claiming they are lost / stolen, and getting a replacement at the deductible cost. The element of a police report adds some risk to the would be scammers (though if felony insurance fraud isn't enough to scare them, I doubt misdemeanor false reporting will).
As far as the lost / stolen phone, the MEID will be blacklisted with Sprint and cannot be activated, even if it is later found and returned.