I lost my Iphone abroad.need advice?

I have phone insurance with barclays. My iphone got stolen while I was abroad, and I reported it to the local police there within 24 hours. I didn't call my phone company here because I wasn't using my UK sim-card, I was using a local sim card. In the terms and conditions it says I should inform Barclays, but if you're outside the UK you have 48 hours from when you return, so should I call them now?
I just got back to the UK last night and I'm not sure what I should do.

Does anyone know what my chances are of barclays covering the costs of a new iphone?

Yes, you need to report it within 48hrs, so now would be a really good time.
and well, that is upto barlcays and your T*C's of the insurance contract.

BUT you did not contact your network,
OK, not their SIM but, they can still block the phone from being used (and therefore sold) by anyone - even with a foreign SIM, and it is for that reason that you should also reprot the 'phone' not just the SIm card lost.

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