Verizon iPhone 6 stolen, does it still work?

I know that if I bought my phone from verizon, that means it is unlocked to all carriers. So does that mean, if it breaks and say I need a replacement, I can get this one fixed and sell it? Or will it be blocked. Please let me know! My iphone broke and want to fix it. If it doesn't work then i'm trashing it.

It would work if the person who lost the phone did not call Verizon and tell them to block it

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