Also, where do you store your backup recovery phrase? Seems risky to store them both in the same place right? Fire could take both out.
You should actually keep multiple backups of your cold storage wallet.
You can use the 3-2-1 method for your cold storage wallet:
Keep
3 copies of your wallet, in at least
2 mediums of storage, and have at least
1 copy of your wallet off-site (in a different location).