48volts can kill you. Especially if you are presenting a very low resistance, which sitting in a bath is about as good as it gets short of sitting in the sea.
This web page provides a really nice summary of everything you need to know.
There is an aphorism that “it isn’t the volts that kills you, its the amps” which is mostly true. Pass say 100 milli-amps through you and there is a good chance it can induce fibrillation. Being wet make it much easier for the apparently feeble 48 volts to push that sort of current through you. Indeed the page linked above sets the voltage at 30 volts. So yes, with a bit of bad luck, the phone could kill you when in the bath.
One of the oddities about the skin is that it provides a good resistance up to about 500 volts, and then the barrier breaks down. Skin may get up to 100,000Ω resistance, which is going to be hard to push current through. This is a best case. Wet skin drops to pretty much no protection at all, and your internal resistannce of about 300Ω dominates. That is a factor of 300 odd worse, and why 30 volts can drive a lethal 100mA through you if you are wet.
The lower currents needed to induce fibrillation than arrest is a serious issue, as CPR is pretty ineffectual at getting you going again when in fibrillation as opposed to a full arrest.
In the extreme, operating theatres must provide micro-current isolation for the patient for some procedures, as it is possible to get current into the wrong place altogether too easily, and whereas 100mA is considered the danger area through the skin, you get into micro or even nano-amps when talking current directly across the heart.
Electric shock kills for a range of reasons. Stopping your heart is only the start, and only needs a very small current flow at the right time and place. The up-side is that you can be restarted if got to in time. Serious electrocution is a different matter. Once actual physical damage has occurred your outlook is grim, even if you were not initially stopped heart dead.
Safeing a building, personally I would be thinking about ensuring the phone was cut off. I would doubt it would be a serious threat, unlike electrical power, but it provides an additional ignition source and the potential of highly unwelcome surprises for first responders and rescuers. Just getting a good zap digging about isn’t going to be a happy thing. If it was wet everywhere it would be worse. One of the common problems with mild electrocution is the sudden muscle spasm and subsequent falls and injuries. Which is not something you want when engaged in rescues.