Stolen phone: "erase pending"
My phone, an XR with facial recognition security features, was stolen yesterday. It was not unlocked when it was taken. Find my Phone did not work, as whoever took it immediately turned the phone off. I have enabled a remote erase which is still "pending" according to icloud.
My question is, when is it safe to remove this device from my account? And what happens if I remove it when the remote erase is still pending? My insurance provided a replacement immediately and I'd like to activate it, but I'm concerned about removing the stolen phone from my icloud account if my data is still on the device.
NB: There's also a warning label on the replacement phone saying that my privacy could be at risk if I don't disable Find My iPhone on the lost or damaged device before activating the new one.
iPhone XR, 12