I wasn't quite sure how to summarize it in the title just as I'm not quite sure if this is the exact place where the thread should go. Let me explain and you tell me.
So far I have been managing my Bitcoin holdings using a HW in a location and in the same location I have had the seeds well hidden and written down on a piece of paper.
As I accumulate, I have been thinking of buying another HW and storing it in a vacation home, just like the seeds, in the same way, written down and hidden. It would be about handling half of my holdings at each site.
What do you think? I don't think it would make sense, for example to have copies of the seeds of both HW's at both sites because in a $5 wrench attack I could lose everything.
One drawback I see is that if the house burns down I would lose everything I manage with one HW, but well, that risk I also had now, having 100% of the management of my holdings in one site.
Another layer to conceal the fact that you even have a hardware wallet, is a small, combination lock-able case or something alike. This way you aren't just storing the HW wallet in plain sight or for that matter, hidden plainly. The same idea can be applied to paper wallets. Of course it still shows something valuable is being hidden but at least it isn't instantly known to be your wallet.
I don't have a better suggestion for storage though I am sure there is a way with lower risk than keeping 50% in another location...though if you stick to this, then I think more thought into a viable backup in the event that something as unlikely as a fire does happen is definitely required too. If you don't have to be exposed to potentially losing 50% of your holdings by having an emergency in place, then have an emergency. Even if it means encrypting portable storage with the seed phrase and putting it in a safety deposit box or storing/hiding it in a trusted family members' home. That way if something occurs, you can race there to recover what you otherwise would have lost.