The best part about hardware wallet is you can abandon the old one by importing your recovery phrase into the new hardware wallet, it's that easy to do and viola! You now have a new hardware wallet with you same old wallet address and assets.
Having a recovery phrase is the only way to ensure that in the future you can still access it, whatever happens to the wallet you currently use. There is no guarantee that every device created by humans can be used forever (nothing is eternal). You need to take good care of it and store it in a safe place, this is one of the best ways to protect your assets by keeping your hardware wallet in good condition. You also need to care for it with proper handling. Hardware will last a little longer if used regularly.