Earlier quoted context omitted.
That's already been answered. Stories abound about "Find My Doohickie said it was at this address. I even knocked on the door, and the person that answered said, 'yup, have your phone, whatta ya gonna do about it?'. Cops said file it with insurance." Cops don't care about a $1000 phone, they're not going to care about your bicycle, either (which has also been proven on multiple occasions).
Cops cared about my stolen bicycle. They took my report, were very happy I brought a copy of the original invoice and a few weeks later I had mail informing me they had retrieved my bicycle and that I could pick it up. This was in Germany, mind you.
To be fair when my bicycle was stolen the police did care, but they were quite frank with me about the odds of recovery being virtually zero despite having CCTV of the incident and the getaway vehicle.